SubPrime News, September 23, 2019 — While the Federal Reserve cutting interest rates twice in less than two months certainly has generated plenty of attention, automotive experts aren’t quite so sure the actions will directly lead to immediate upticks in vehicle deliveries and loan originations.
The chief economist at Cox Automotive shared his perspective following the Federal Open Market Committee (FOMC) announcing on Wednesday afternoon that it decided to lower the target range for the federal funds rate to 1.75% to 2%.
