 TITLE: U.S. Auto Debt Grows to Record High Despite Pandemic CONTENT: Auto Debt Climbs to Record High of $1.37 Trillion\n-------------------------------------------------\nBetween 2019 and Q4 2020, overall auto debt in the U.S. grew by $80 billion to $1.37 trillion—a 6% increase, according to Experian data. That expansion mirrors the 6% average auto debt growth rate over the past decade. In other words, despite changes in consumers' daily travel and commuting habits, the automotive financing market didn't experience major disruption similar to what occurred with other types of consumer debts.\nSource: Experian\nCompared with other types of consumer debt, auto loans saw one of the more modest increases in overall balances during the past year. END