Report
US auto loan market reportedly under extreme pressure
A post citing Reuters says about 1 in 5 Americans have fallen behind on at least one loan.
TLDR
A post citing Reuters says the roughly $1.7 trillion US auto loan market is under extreme pressure. It says about 1 in 5 Americans have fallen behind on at least one loan, the highest share since 2010. The post also says car loans now outpace credit cards as household debt and that the average vehicle on US roads is close to 13 years old, an all-time high.
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