Rates on auto loans seem to have stabilized after falling for several weeks. I'm Allison Ross with your weekly look at auto loan rates.
Rates stopped falling, but they weren't climbing either.
The average five-year new car loan held at 4.13 percent. The average rates on the three-year and four-year new car loans were also stuck in neutral at 4.03 percent and 4.05 percent, respectively.
The average rate on 36-month used car loans remained steady this week at 4.69 percent after falling the previous five weeks in a row.
The one outlier was the average rate of a 48-month used car loan, which fell just one basis point this week to 4.76 percent.
Sales of new cars in the United States reached a better-than-expected 1.6 million in May, according to Reuters. General Motors' recent recall woes did not appear to put a damper on its sales, with the automaker posting a 12.6 percent uptick, well above analyst expectations, Reuters reported.
For more on this and to find the very best rates for your next auto loan, just visit Bankrate.com. I'm Allison Ross.