Economy News Auto Loan Delinquencies Spiked Last Year In Troubling Sign For Economy
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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?
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
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
Auto Loan Delinquencies Are Way Up, Making It Harder To Get A Loan
Auto loans are a good way to gauge the health of an economy. When the economy is healthy, interest rates are low, and borrowing remains strong. When things go awry, borrowing diminishes, and ... Read More
Record subprime auto loan delinquencies hit 6.65% in October
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 early 1990s. 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
A record number of Americans are behind on their auto loans
Last month, 6.65% of subprime borrowers were at least 60 days late on their car payments. That’s the highest delinquency rate since the 1990s, according to Fitch Ratings. More people in this economy ... Read More
Auto Loan Delinquencies Are Way Up, Making It Harder To Get A Loan
Auto loan delinquencies are soaring across the U.S. Find out why that means getting a car loan is becoming tougher for everyone. Auto loan delinquencies and tighter lending indicate economic ... Read More
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