A record 107 million Americans have car loans

Americans went on a massive shopping spree for cars and trucks in recent years. Many paid for their vehicles by taking out a loan. A record 107 million Americans have auto loan debt, according to data released this week by the Federal Reserve Bank of New York. That's about 43% of the entire adult population in the US. It's an eye popping number. Auto loans have been growing rapidly.
Read more: http://money.cnn.com/2017/05/19/news/economy/us-auto-loans-soaring/index.html?source=Snapzu