Will Interest Rates Rise Or Fall In 2024 For Cars. Smoke expects that auto loan rates could be a quarter point to half a point lower by the end of 2024 and auto loan rates would fall at least another quarter point by february. The latest consumer price index (cpi) report for march has thrown cold water on any hopes of a decrease in car loan interest rates for the remainder of 2024.

New car prices and auto loan rates are projected to fall in 2024 as market conditions improve for buyers. The fed is keeping interest rates high, but lenders have begun to let them come down slowly.