
Record share of consumers take on
$1,000+ monthly car payments
(July 5, 2023) SANTA MONICA, Calif. — The cost of financing a new vehicle remains at an all-time high as car shoppers search for a new ride this summer, according to the car shopping experts at Edmunds. New vehicle transaction data from Edmunds reveals that the record-breaking financing figures from Q1 were unyielding in the second quarter.