News@lemmy.world · 10 months ago

American Debt: Auto Loan Balances Hit Record $1.6 Trillion in Q3 2023

www.investopedia.com

105

American Debt: Auto Loan Balances Hit Record $1.6 Trillion in Q3 2023

www.investopedia.com

return2ozma@lemmy.world to

News@lemmy.world · 10 months ago

American Debt: Auto Loan Balances Hit $1.6 Trillion in Q3 2023

www.investopedia.com

Consumer auto loan debt has continued to rise, a result of increased demand, less supply, and higher prices.

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10 months ago
And even if they bought an insanely inflated car, it still probably came out ahead compared to always having a car payment.

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