The Proportion of Consumers Who Financed a Vehicle with a Monthly Payment of $1,000 or More Reached a New High of 17.1% in Q2 2023

In Q2 2023, 17.1% of consumers financed a vehicle with a monthly payment of $1,000 or more. This figure is up from 12.2% one year prior. In Q2 2019, only 4.3% of consumers financed a vehicle with a monthly payment of $1,000 or more.