Americans are way behind on their car loans or vehicle loans with 90 days or so and the New York Federal Reserve, and serious delinquency rates among borrowers with the lowest credit scores have by far seen the fastest acceleration the number is estimated to be 7 million
The seeds of the problem are buried deep in the financial crisis, as the consumer is not earning enough and the expenditures are remaining unfulfilled so much for living the American dream. the car market of the United States is currently on fire despite the global unrest in the automotive industry. The overall market of the auto industry is lumping down as the days pass. The rise in demand for used cars is a result of the unpaid debts from the consumers that are costing both the auto sector as well as the banking and finance sectors. The price od Automotives in the US is extremely high and despite that people used to but the vehicle now that they have refrained from buying it will be interesting to see what impact this has on the economy as it is slowing down.
The American dream is kind of breaking apart now with shattering conditions political unrest, impeachment noise for the republican President Donald Trump. The impact of the prices of cars is severely affecting the economy of the world and the united states will not be given any room to walk it off.
Tags : New York Federal Reserve, fastest acceleration, expenditures , automotive industry, economy ,