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US Auto Loan Defaults Surge, as Car Owners Struggle Amidst Soaring Rates

Published: October 22, 2023

Economic uncertainty hits US car owners, impacting consumer spending and triggering repossession concerns. Factors like dwindling tax returns, job market volatility, and inflation contribute to this surge, making it harder for low-income workers to afford reliable transportation.

Source: sputnikglobe.com

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