Economy News Auto Loan Delinquencies Spiked Last Year In Troubling Sign For Economy

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

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

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). Dave Ramsey ... Read More

Are car loan delinquencies a sign of a struggling economy?

YES: Young and old cannot afford cash outlays to buy a car, used or new. And they certainly cannot afford a house at these interest rates. If car loan delinquencies rise it is a forbearer of bad news. Read More

Car loan delinquencies hit record for riskiest borrowers

For many of the riskiest borrowers, high interest rates are adding to their financial burdens. Data from Experian showed that the average rate in the second quarter for deep subprime consumers — which ... Read More

Car repossessions expected to hit their highest rate since the 2009 recession. Is it a sign the economy is in trouble?

More Americans are struggling to keep up with their car payments. Auto loan delinquencies have risen above pre-pandemic levels after hitting record lows during COVID — and more borrowers are now ... Read More