US Auto Credit Stress Builds as Average Car Loan Hits $785 a Month
Americans borrowed a record $211 billion for vehicle purchases last quarter, with average terms stretching toward six years — a warning signal for subprime lenders and household balance sheets.
Record quarterly auto origination volumes and a $785 average monthly payment underscore how affordability strain and elongated loan terms are reshaping the US consumer credit cycle.
SPECIAL REPORTBEARISH