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While interest rates are still high, residual values have recently declined by as much as 20%. Learn how fleets can mitigate these effects and ease ownership costs.
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Rising interest rates are taking some potential buyers out of the market.
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Topics discussed includes if fleets should reevaluate their future vehicle cycling plans; the resolution of the unintended personal-use charge tax consequence on fleets in 2020; and how new accounting lease standards might impact future vehicle lifecycle trends.
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The Federal Reserve announced a quarter-point interest rate reduction yesterday, its third such move this year. The target federal funds rate now stand at 1.5% after starting the year at 2.25%.
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Federal Reserve Chairman Jerome Powell officially announced a widely expected cut to the federal funds rate yesterday, dropping the central bank's target by a quarter-point to 2%.
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The Federal Reserve has voted unanimously that it would not hike interest rates any further for the remainder of 2019.
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Federal Reserve Chairman Jerome Powell announced the fourth interest-rate hike of the year while downgrading central bankers' expectations for economic growth in 2018 and 2019.
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Auto loan interest rates in June likely reached their highest level in nine years, Edmunds reported, a week after saying a strong economy is likely masking market factors bubbling just below the service that could start to slow down sales.
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With the labor market continuing to strengthen and economic activity rising at a solid rate, the Federal Reserve raised the Federal Funds Rate a quarter percentage point for the second time this year — putting the target for short-term rates in the 1.75 to 2% range.
Read More →The Federal Reserve voted unanimously to maintain the target range for the federal funds rate at 1.5% and 1.75% on Wednesday, but hinted at a possible rate hike in June with inflation creeping closer to its 2% goal.
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