Number of Americans in <br />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 <br />last financial crisis. In terms of total auto loans, the Fed goes on to say that the U.S. is currently <br />$1.2 trillion in debt. New York Federal Reserve, via report
