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

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 Defaults Have Spiked 50%. With Repossession Rates Rising, How Will Americans Get to Work?

Car loan delinquencies have gone up by 50 percent in the last 15 years, a troubling trend considering that many Americans live in transit-poor places where car ownership is essential. Last year, 1.7 ... Read More

Car Loan Delinquencies Hit Crisis Levels as Costs Crush Borrowers

Subprime car buyers are hitting the skids, falling behind on payments faster than we’ve seen in 30 years—a red flag for an economy that’s starting to look shakier by the day. Once the last bill people ... Read More

Auto Loans Are a Warning Sign for US Economy

More Americans are falling behind on their car payments, a trend that points to growing financial strain among lower-income households. Data from Fitch Ratings shows that in January, nearly 6.5% of ... 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

Consumer Loan Delinquencies Approach 5-Year High, Borrowers Struggle to Keep Up With Payments

Consumer loan delinquencies are rising again as inflation, tariffs, and high interest rates put pressure on household budgets. VantageScore data indicates that early-stage delinquencies are nearing ... Read More