The stress in the US auto loan market has intensified, with borrowers who owe more on their loans than their vehicles are worth reaching a record average debt of approximately $7,200. This figure marks a 71% increase over the past four years. Additionally, about 30% of vehicle trade-ins are now in negative equity, highlighting the growing financial strain on consumers in the auto sector.
US Auto Loan Stress Surges as Underwater Borrowers Hit Record Debt
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