Will Interest Rates Go Down In 2024 For Cars. Kelley blue book data shows that the average transaction price (atp) for new cars held steady. The emis you pay on the loan will vary significantly depending on the.

However, lower new vehicle prices may not translate into higher demand, especially in light of recent interest rate hikes. 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.