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

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

Auto loan delinquencies on the rise: Here's what that means for the economy

Auto loans remain the second-largest debt category for American consumers, behind mortgages. Now, more people are falling behind on their car payments, with total auto loan debt reaching more than ... Read More

Car loan delinquencies hit record for riskiest borrowers

More Americans than ever are falling behind on their car payments. The share of subprime borrowers at least 60 days past due on their auto loans rose to 6.65% in October, the highest in data going ... Read More

Record number of subprime borrowers miss car loan payments in October, data shows

Nov 12 (Reuters) - The share of subprime borrowers at least 60 days behind on their auto loans rose to 6.65% in October, the highest level on record, according to Fitch Ratings data going back to the ... 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