Americans are paying $1,000 a month to drive cars they can barely afford 🚗 U.S. auto debt now sits near $1.7 trillion, and a record 1 in 5 new-car buyers are locked into payments of $1,000 or more per month. More than a quarter of new-car loans now stretch seven years or longer, up from about one in five a year ago. Borrowers aged 18 to 29 now post the highest serious delinquency rates of any age group. Meanwhile, the average car on U.S. roads is nearly 13 years old as drivers hold onto vehicle
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Americans are paying $1,000 a month to drive cars they can barely afford 🚗 U.S. auto debt now sits near $1.7 trillion, and a record 1 in 5 new-car buyers are locked into payments of $1,000 or more per month. More than a quarter of new-car loans now stretch seven years or longer, up from about one in five a year ago. Borrowers aged 18 to 29 now post the highest serious delinquency rates of any age group. Meanwhile, the average car on U.S. roads is nearly 13 years old as drivers hold onto vehicle
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Tesla’s next-generation Roadster is finally back in the spotlight, and the latest demonstration was anything but ordinary. The electric supercar was shown driving upside down, briefly taking flight, and accelerating from 0 to 60 mph in less than a second. The performance claims are eye-catching, but there’s still a big difference between an impressive demonstration and a production vehicle customers can actually buy. The Roadster was first unveiled in 2017, with Tesla originally targeting delive
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