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Americans owe $1.66T in auto debt — and trends look ‘alarmingly similar’ to those just before Great Recession
Yahoo Finance· 2025-09-26 12:00
The cost of owning a car has never been higher. Inflation, tariffs and rising maintenance bills are leaving more Americans struggling to keep up with their auto loans. A new report from the Consumer Federation of America (CFA) found that Americans owe a record $1.66 trillion in auto debt [1]. The group warns that the surge in delinquencies isn’t just squeezing household budgets — it could signal trouble for the broader economy. Must Read "Delinquencies, defaults, and repossessions have shot up in rece ...