To be honest, I didn’t realize this was a record-setting number last month when I reported on the impact of subprime auto lending in the U.S. ever since the economic crisis of the late-2000s. But a new report confirms as much: Americans owe $1.1 trillion in auto loans, a new record, according to Automotive News.
Last month, we shared the story of a Canadian Lamborghini Gallardo owner whose car was wrecked by a mechanic during a test drive. The owner's now launching a new press against the dealer, who has yet to take responsibility.
America's auto dealers: Tech-savvy family businessmen powering the U.S. economy through service and innovation. Except when their fat fingers price vehicles on the Internet and give dozens of mundane cars prices surpassing $200,000 — before undercoating.