Could Auto Loans Be the Source of the Next Crash?

Could Auto Loans Be the Source of the Next Crash?
Used cars are displayed at a dealership in New York on June 10, 2022. Spencer Platt/Getty Images
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News Analysis
During the COVID flash recession, annual vehicle sales bottomed at 8.9 million in April 2020—only to rebound to 18.7 million by April 2021, the fastest yearly change on record.