Number of Americans in
Car Loan Debt Skyrockets The New York Federal Reserve says that seven million Americans owed payments at the end of last year. That's up from 6 million in 2010. This means that there are currently more people in debt than after the
last financial crisis. In terms of total auto loans, the Fed goes on to say that the U.S. is currently
$1.2 trillion in debt. New York Federal Reserve, via report