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Report: U.S. auto loan balances hit a record high of 1.68 trillion dollars

Report: U.S. auto loan balances hit a record high of 1.68 trillion dollars

老虎证券老虎证券2026/05/10 02:39
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Most Americans typically choose auto loans with terms of 7 to 10 years, with average monthly payments reaching $735. Since 2020, car prices have increased by more than 35%, while the vehicle repossession default rate has hit a 30-year high.
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