Automobile finance rates market participants noted automobile

Market participants noted automobile finance rates pushing past 6.4% following a surge in 2-year Treasury yields. This could dent quarterly targets for auto-focused REITs and consumer lending firms. Equity investors may reallocate into less rate-sensitive automotive supply chain plays. READ NEXT: 30 Stocks That Should Double in 3 Years and 11 Hidden AI Stocks to Buy Right Now . By applying for a green auto loan and applying for EV tax credits before they are eliminated at the end of 2025, you can make back any money lost due to higher interest rates. And if you don’t need your vehicle to be fully electric, a hybrid is often a more budget-friendly option that can help you save at the pump. Automobile finance rates rose to 6.43% on Monday after bond yields climbed. Auto lenders’ stock price movement reflects higher funding costs, with analysts flagging possible downward revisions in earnings guidance.