Total US Auto Lending Surpasses $1 Trillion for First Time – Wall Street Journal

Posted: Thursday, August 13, 2015

Given Americans’ love of cars and debt, it was just a matter of time before zipping past a new mile marker: $1 trillion in auto loans outstanding.

With the recession now six years behind in the nation’s rearview mirror, lending for automobiles has sharply accelerated: Around $119 billion in auto loans were originated in the second quarter of this year, a 10-year high, according to figures from the Federal Reserve Bank of New York…


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