Auto Loans Surpass Student Loans As Second-Highest Household Debt

Auto loan debt is increasing, accounting for nine percent of all household debt. Car debt is now second only to mortgages. The average new car price is currently $47,870. It’s no secret that cars, whether new or used, are more expensive than ever. Consequently, there’s more debt tied up in auto loans. A new report from Financial Times gives us Read More

Tesla Will Surpass BMW In U.S. Luxury Car Sales In 2022, But Will Fall Short

In 2022, the number of new cars registered in the United States was approximately 485,000 for Tesla, compared to approximately 330,000 for BMW and 270,000 for Mercedes. in 2:33pm ET Tesla not only outsold every luxury U.S. automaker in car sales for all of 2022, it outsold them by a ridiculously large margin. BMW was a former champion… Source: insideevs.com