Shocking Drop In Auto Loans Results In Weakest Consumer Credit Print Since 2020

From ZeroHedge

Last month, when both revolving credit (i.e., credit card debt) and interest charged on credit cards hit a record high, we said that this trajectory was unsustainable and it was only a matter of time before the debt-funded US consumer hit a […]

Jul 10th 2023 3:41pm EDT

Source Link: https://www.zerohedge.com/economics/shocking-drop-auto-loans-results-weakest-consumer-credit-print-2020

Internet Archive Link: https://web.archive.org/web/20230710201242/https://www.zerohedge.com/economics/shocking-drop-auto-loans-results-weakest-consumer-credit-print-2020

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Discussion

Well, when dealerships & banks want nearly $100K for a truck w/monthly payments of approximately $1,000 & a trade-in…some folks find that discouraging 😅

When they lower prices demand will return. If they cannot? Oh, well 🤷🏾‍♂️