The Car Market Collapse Is Already Upon Us As They’re Skipping Car Payments
Americans are skipping car payments and the auto market collapse is accelerating fast. With $847 billion in unsold cars rotting on lots, 45% of dealerships are closing permanently. Auto loan delinquencies just hit 15-year highs as average car payments reach $750/month. The used car bubble has burst, leaving millions with underwater auto loans. Car prices …