Rising interest rates, car prices trigger peak in US auto loan delinquencies
Americans are falling behind on their car payments at number not seen in about 30 years. The National Automobile Dealers Association has warned that a combination of recent “surging interest rates” and “higher vehicle prices” will continue to “put further pressure on vehicle affordability” going forward, hampering the ability of consumers to purchase a car.
Full story: https://san.com/cc/rising-interest-rates-car-prices-trigger-peak-in-us-auto-loan-delinquencies/
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