Americans Can’t Afford Their Cars Anymore
Owning a car has become so expensive that auto loan delinquency rates are seeing levels higher than in the Great Recession. Data from TransUnion and S&P Global Mobility’s AutoCreditInsight found that account-level delinquency rates of auto loans 60+ days past due have risen 26 basis points from the first quarter of 2021’s 1.43% to 1.69% … Continue reading Americans Can’t Afford Their Cars Anymore
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