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Affordability Crisis Shrinks U.S. Car Sales as Monthly Payments Climb
business1 month ago

Affordability Crisis Shrinks U.S. Car Sales as Monthly Payments Climb

Rising new-car prices, higher financing costs, and longer loan terms are squeezing buyers and tempering demand, with 2026 U.S. new-car sales expected around 16 million (down from 16.3 million in 2025). Tariffs and higher destination charges have raised costs for automakers, production shifts and pricey new tech add to sticker prices and insurance costs. The average monthly payment is about $774 for late-2025 loans, and more consumers face affordability hurdles even as affluent buyers keep some momentum in the market.

via The New York Times|
#affordability#auto-loans#business
Car Trade-Ins Leave Buyers Underwater, Owing Thousands
business2 months ago

Car Trade-Ins Leave Buyers Underwater, Owing Thousands

Edmunds data for Q4 2025 show 29.3% of trade-ins were underwater — nearly a record high — with the average underwater balance at $7,214 and more than a quarter carrying over $10,000 in negative equity. Those rolling it into new loans faced an average monthly payment of $916, with about 40.7% choosing 84‑month terms. The trend traces to pandemic-era pricing and limited leasing options; relief may come from MSRP-friendly deals, but many cars will remain underwater until depreciation slows enough for the balance to fall below value.

via Jalopnik|
#auto-loans#business#edmunds
Tricolor Executives Face Fraud Charges Amidst Collapse and Industry Concerns
business3 months ago

Tricolor Executives Face Fraud Charges Amidst Collapse and Industry Concerns

JPMorgan Chase was aware of serious accounting weaknesses at Tricolor Holdings for over a year before its September collapse, which involved double-pledged loans and inflated balance sheets. The company filed for bankruptcy shortly after investigations revealed financial misconduct, including a scheme to inflate collateral and personal expenses by its CEO, leading to legal actions and JPMorgan taking a $170 million charge.

via Financial Times|
#accounting-fraud#auto-loans#bankruptcy
US Household Debt Reaches New Highs Amid Rising Financial Strain
economy5 months ago

US Household Debt Reaches New Highs Amid Rising Financial Strain

Americans' household debt has reached a record high of $18.59 trillion, driven by increases in mortgages, student loans, credit cards, and auto loans, with student debt hitting $1.65 trillion and delinquency rates rising, especially among student borrowers, though overall household financial health remains relatively strong according to the Federal Reserve Bank of New York.

via abcnews.go.com|
#auto-loans#credit-cards#economy
Fed's Rate Cut: Impacts on Loans and the Housing Market
finance6 months ago

Fed's Rate Cut: Impacts on Loans and the Housing Market

The Federal Reserve has cut its benchmark interest rate by 0.2%, the first reduction in nine months, which is expected to gradually lower mortgage rates and provide some relief for borrowers, while potentially reducing yields on savings accounts. However, auto loan rates and credit card interest rates are unlikely to decline immediately, with credit card rates remaining high. The rate cut aims to balance inflation control and employment support amid a cooling economy and persistent inflation.

via Syracuse.com|
#auto-loans#credit-cards#fed-rate-cut