The US auto credit market is heading for a crash
El encarecimiento de los vehículos empuja a los compradores hacia modelos viejos y créditos más largos
In the United States, daily commutes are turning into a vintage fair. Drivers are buying increasingly older cars with loans that last up to eight years due to high vehicle prices and financing costs. This tactic reduces monthly payments but leaves households trapped in debt for cars that are more expensive to maintain and harder to resell. The market appears to be heading for a breakdown that could impact one of Wall Street's largest securitization markets.
Written by urgent.news from El Pais Economia's report — not a translation of it. Machine-written — may contain errors; check the original before relying on it.
