Car Market CRISIS Causing Economic DISASTER

Car Market CRISIS Causing Economic DISASTER

In the past year alone, the number of auto purchases hit a record low, with just 13.7 million sales. Meanwhile, the Federal Reserve reports a staggering 41% increase in the average auto loan amount, now reaching $24,000 compared to $17,000 in 2019. This is leading to a crisis in the car market.

We’ll examine the current situation to the auto loan industry and delve deeper into the causes, consequences, and potential solutions to address this pressing issue