Car companies have been increasing incentive spending to counter tariffs, leading to record sales for Ford, General Motors, and Kia. The Fed cut interest rates for the second time in two months, affecting auto loan rates indirectly. Ending quantitative tightening removes money from the financial system, affecting auto loan rates. Auto loan rates have risen in October and are expected to remain high through November. Consumers with high credit scores are getting the best deals on car purchases. The Fed may cut rates one or two more times by spring, potentially lowering auto loan rates by a full percentage point by summer 2026.

Read more at Yahoo Finance: 3 things every car buyer should know about the latest Fed decision