Low Rates, Cheap Gas and Deeper Debt Sustain Car Buying Boom

  • Written by Neal E. Boudette of The New York Times

The auto industry has been on a roll for a decade, and its resurgence shows few signs of coming to a halt — at least for now. Strong employment, low interest rates and robust consumer confidence combined last year to extend a record run of auto sales.

Americans are also continuing to buy ever bigger cars, at prices escalating faster than the overall inflation rate. And they are taking on more debt to do so.

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