News@lemmy.worldEnglish · 1 year ago

An Auto Loan Debt Crisis Looks Imminent

www.automoblog.net

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An Auto Loan Debt Crisis Looks Imminent

www.automoblog.net

Lee Duna@lemmy.nz to

News@lemmy.worldEnglish · 1 year ago

164

Car loan debt has ballooned, delinquencies are still rising, and major lenders are leaving the market. Is an auto loan debt crisis coming soon?

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1 year ago
$6000 in 1980 is equivalent to over $23k in 2023.

https://data.bls.gov/cgi-bin/cpicalc.pl?cost1=6%2C000.00&year1=198001&year2=202309

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