Finance Insurance

Monthly payments to be higher in January even as prices, rates fall, J.D. Power forecasts

Thomas King, president of data and analytics for J.D. Power
"Demand for vehicles remains strong for now, and the overall health of the new-vehicle market is good," said Thomas King, president of data and analytics for J.D. Power. (J.D. POWER)
January 29, 2025 06:47 PM

The average new-vehicle loan in January is likely to carry a $734 monthly payment, up 1.5 percent from a year earlier despite a decline in vehicle prices and interest rates and an increase in incentive spending, according to preliminary J.D. Power projections released Jan. 23.

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