Automobile affordability worsens as Americans are saddled up with monthly payments topping $1,000, and loan delinquencies are creeping higher thanks to increasing economic pressures thanks to the Federal Reserve’s aggressive monetary tightening regime to rein in the highest inflation in 40 years. A Fed-induced downturn in the economy could end up bursting the auto bubble.
https://www.zerohedge.com/markets/prepare-auto-loan-crisis-delinquencies-begin-rise
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