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 are dropping but nobody can afford them anyway. US car sales are crashing, repossessions are surging. This car market crisis is just getting started. Here’s what’s really happening in 2025.