Economy News Car Repossessions Are On The Rise In Warning Sign For The Economy Nbc News

Car repossessions are expected to hit 3 million this year, their highest rate since the 2009 recession. Is it a sign the economy is in trouble?

A recent report from the Recovery Database Network (RDN), says more than 2.5 million cars were repossessed last year, and this year is on track to hit 3 million, the most since 2009 (1). Read More

Car repos may hit 3 million this year. Is the economy in trouble?

Car repossessions in the United States are projected to reach 3 million this year, marking the highest rate since the 2009 recession. This alarming surge has economists concerned, as it mirrors ... Read More

Car repossessions surge in the U.S., signaling possible economic strain

Car repossessions in the United States have reached their highest rate since the 2009 recession, reflecting economic strain and rising costs for vehicle owners. Read More

Car repossessions surge to 15-year high, raising concerns about an economic recession

SAN DIEGO — According to CU Repossessions’ analysis of the Recovery Database Network, more than 2.2 million vehicles have already been repossessed this year, and that number is expected to climb past ... Read More

Uncommon Knowledge: What Auto Loans Say About the Trump Economy

On a chill October night in Virginia, a Wall Street Journal reporter rode shotgun with a repo crew as they scanned license plates and hauled away cars. The agents said they were busier than ever, as ... Read More

Are car loan delinquencies a sign of a struggling economy?

Car loan delinquencies are now at their highest level since 2009 and some economists are sounding alarm bells for what it means for the economy. Delinquencies, defined as 60 days or more past due, are ... Read More