People in the U.S. have to own a car. There are no inexpensive options any longer.
Car loans would be ticking time bomb on the U.S. economy. All it takes are waves of layoffs and therefore droves of unemployed people saddled with car loans.
US car sales are pretty consistent between 12mil & 17mil per year going back to the mid 70s, which spans a few recessions at this point...
US car sales are pretty consistent between 12mil & 17mil per year going back to the mid 70s, which spans a few recessions at this point...