By on August 9, 2016

Couple buying cat Courtesy chronicleherald.ca

With memories of the 2008 financial meltdown still fresh, American consumers aren’t borrowing wildly anymore — except when it comes to cars and credit card purchases.

As of the end of June, car buyers racked up the highest auto loan debt in U.S. history — $1.1 trillion, according to a quarterly report from the Federal Reserve Bank of New York. Also on the rise? Credit risk. (Read More…)

Recent Comments

  • ToolGuy: Pssssst – hey, kid – you there. Stay on the pavement — your life will be better. Now go.
  • ToolGuy: Not to rub it in, but let’s review: • ToolGuy advised you not to buy a Honda • ToolGuy advised you of...
  • ToolGuy: As long as you have two fuel tank straps (and you should), the chances of both of them giving way due to...
  • ToolGuy: “It’s like talking about the space under your passenger seat.” The correct approach to the right...
  • thehyundaigarage: Is that the best they could do for panel alignment on a press vehicle? That hood and fender, damn!

New Car Research

Get a Free Dealer Quote

Who We Are

  • Adam Tonge
  • Bozi Tatarevic
  • Corey Lewis
  • Jo Borras
  • Mark Baruth
  • Ronnie Schreiber