Car loans now top $1 trillion following delinquency rates increase

used cars

Americans are borrowing more than ever for new and pre-owned cars, and 30- and 60-day delinquency rates increased in the 2nd quarter, according to the vehicle arm of among the country’s biggest credit bureaus. The overall balance of all outstanding automobile loans reached $1.027 trillion in between April 1 and June 30, the 2nd successive […]