S&P 5007,748.50▲0.3% Nasdaq26,588.49▲0.5% Dow53,770.27▼0.0% Russell 2K3,045.48▲0.6% 10-Yr4.68%+0bp VIX14.55−0.73 WTI$82.68▼0.6% Gold$4,467.10▲1.9% EUR/USD1.153▼0.2% BTC$63,488▲0.1% Nikkei66,970▲2.1%
At close · Wed, Aug 12, 2026
Daily Market Updates.

US Markets

Home›US Markets›Equities›Average US car loan hits $785 a month as borrowing top…

Average US car loan hits $785 a month as borrowing tops $211B

Americans borrowed a record $211 billion to finance cars last quarter, adding pressure to household debt levels.

Reported · Written up by our desk · Equities

Americans are taking on larger auto debt burdens, with the average car loan now costing $785 per month and lasting for nearly six years, according to MarketWatch.

The outlet also reported that Americans borrowed a record $211 billion to pay for their cars last quarter, underscoring the scale of new borrowing in auto financing.

← Newer storyTrade court upholds the closure of the de minimis loophole

More like this

US MarketsWorkday shares jump on buyout speculation
US MarketsStocks climbed to new highs as inflation worries eased
US MarketsProfit margins hit record highs as earnings rise outpace sales
US MarketsHedge funds increased short bets on AI and chip names in July
US MarketsMicrosoft’s stock dips after earnings, but momentum seen continuing

Sources

MarketWatchThe average car loan is now $785 a month , and lasts for almost 6 years
MarketWatchThe average car loan is now $785 a month , and lasts for almost 6 years

Get the close, explained.

One email every trading day: what moved, why it moved, and what's on deck tomorrow. Read in 3 minutes.

Free. Unsubscribe anytime.