Americans Are Falling Behind on Their Car Payments

https://lemmy.world/post/8498184

Americans Are Falling Behind on Their Car Payments - Lemmy.World

Well, yeah, when people are spending $30K-$80K on a car, they’re likely gonna miss payments eventually. The car market, including used cars, has been over-inflated for years.
The price of cars was relatively flat from about 1998 until covid, actually. In 2019 cars were a bargain compared to the 80s and 90s.