Here's a look at the state of auto loan rates from Bankrate.com's weekly national survey of large banks and thrifts conducted June 9, 2010.
Auto LoansRates: 6.93 (60-month, new car); 7.67 percent (36-month, used car)
Auto loan rates were unchanged across the board this week. The average rates for 48-month, new-car loans and 60-month, new-car loans stood pat at 6.96 percent and 6.93 percent, respectively. Used-car rates also idled this week, with the 36-month, used-car rate cruising at 7.67 percent.
General Motors' auto parts supplier Delphi Holdings LLP is developing a key fob that can communicate wirelessly with owners' smart phones, according to a report by The Detroit News. Cars equipped with the technology would allow owners to remotely start their vehicle, confirm that it's locked, adjust the climate control and even check the fuel level remotely, all using an app installed to their smart phone, as long as they had the key fob nearby.
To find updated auto rates in your area, visit Bankrate's auto rate table.
-- Claes Bell