Report: High Interest Rates Impacting New Vehicle Sales

High interest rates and high prices are limiting new vehicle sales, according to a recent report from Reuters.

The average monthly finance payment in November is set to be $712, up 7.2% from November 2021, according to the report.

The cited experts expect the trend to continue into 2023.

Click here to read the full report.

A.J. Hecht

A.J. Hecht is the managing editor of THE SHOP and host of the In Gear with THE SHOP podcast. Have an idea, a tip, or a question you’d like to see answered? Contact A.J. at

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