Monday, November 24, 2014

Young people in the US cannot afford cars

TransUnion: Auto Loan Delinquency Rate and Debt Rise Again: "CHICAGO, IL--(Marketwired - Nov 24, 2014) - Auto loan delinquency rates jumped nearly 13% in the last year to close Q3 2014 at 1.16%. At the same time, auto loan debt rose for the 14th straight quarter to $17,352. The latest TransUnion auto loan report also found that delinquency rates increased most for the youngest population subset with those under the age of 30 seeing a nearly 18% rise."

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