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Americans Crushed By Auto Loans As Defaults And Repossessions Surge | Carscoops

Consumer group calls for congressional action as drivers fail to keep up with the cost of running cars 14 hours ago by Chris Chilton Auto loan debt in America now sits at a shocking $1.66 trillion. Delinquencies, defaults, and repossessions are skyrocketing. Subprime delinquency is worse than in the 2008 financial crisis. Many Americans love the feeling of driving a new car, but the price of that thrill is pushing household budgets to the edge. Auto loan delinquencies are spiraling, the nation n...

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