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

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 for deep subprime consumers — which the firm defines as ... 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

Record subprime auto loan delinquencies hit 6.65 percent in October

Rising subprime auto delinquencies are emerging as a clear sign of mounting stress, as many lower-income Americans struggle to keep up with payments. 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

A significant group of Americans are falling behind on their car payments — an economic warning sign

A key group of American borrowers is falling significantly behind on their car loans. It’s yet another sign that the U.S. economy is forming some serious cracks, leaving the most vulnerable in ... Read More