Record $777 average U.S. car payment underscores affordability crisis, Tracy Shuchart notes

Record $777 average U.S. car payment underscores affordability crisis, Tracy Shuchart notes
U.S. car payments hit record highs

Tracy Shuchart, independent trader and strategist, highlights a new record for average U.S. monthly car payments. The figure has reached $777 in the second quarter as down payments continue to fall.

Shuchart notes that nearly a quarter of U.S. car buyers are now taking out loans lasting seven years or longer, signaling deepening affordability challenges in the automotive market.

Shuchart has previously cautioned that greater leverage in U.S. stock markets can amplify volatility, leading to increased fragility, according to her analysis of market leverage. She has also flagged risks to U.S. crude oil quality as SPR storage levels fall, echoing concerns raised by ExxonMobil in 2023 in a recent report. These topics reflect her broader focus on potential stress points across major financial sectors.

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