Carmakers Dodge Disaster With Biggest-Ever Share of 0% Loans

Zero-percent financing deals hit a record last month as carmakers kept the U.S. auto market from collapsing.

More than one in every four new vehicles sold in April did so with 0% loans, according to market researcher Edmunds. By opening up the lending spigots, the U.S. avoided a reprise of the almost 80% drop automakers experienced in China in February, the month the coronavirus hit the world’s largest car market hardest.