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Car Loan Debt Hits $1.68 Trillion Record High As Drivers Struggle With Car Payments, Report Finds
Nearly 86 million Americans carry auto debt as average monthly payments top $680 and lower-income borrowers pay even more, researchers said.
Summary by IBTimes
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4 Articles
Car Loan Debt Rises to a Record High
Americans are devoting a growing share of their paychecks to their cars, with auto debt climbing to a new high of $1.68 trillion at the end of 2025, according to a new analysis shared with CNBC . That's up 37% from late 2018, when outstanding auto loans and leases totaled...
Record Auto Debt Crushes Drivers Across D.C., Maryland and Virginia as Payments Soar
Americans now owe a record $1.68 trillion in auto loan debt, with rising vehicle prices, interest rates, insurance costs, and gas prices squeezing household budgets, according to a new report from The Century Foundation and Protect Borrowers. The post Record Auto Debt Crushes Drivers Across D.C., Maryland and Virginia as Payments Soar appeared first on The Washington Informer.
Coverage Details
Total News Sources4
Leaning Left2Leaning Right1Center1Last Updated50% Left
Bias Distribution
- 50% of the sources lean Left
50% Left
L 50%
C 25%
R 25%
Factuality
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