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Wednesday, April 15, 2026

U.S. consumers borrow at record levels as car prices surge – Experian

DETROIT, Aug 25 (Reuters) – U.S. consumers are responding to surging prices for new cars and trucks by going deeper into debt, pushing the average new vehicle loan to a record-high $40,290 during the second quarter, credit monitoring company Experian said Thursday. The average monthly payment for a …

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