As vehicle prices have risen, amid elevated interest rates and high living costs, so too have repossessions in recent years. Cox Automotive estimates yearly auto repossessions went up about 43% ...
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 ...
Bloomberg News analyzed how the four leading subprime lenders managed nearly 3 million auto loans they underwrote and put into publicly securitized ABS deals between 2021 to 2023. As the loans aged, a ...
Shock. Anger. Shame. And finally, hopelessness. The emotions that follow a car repossession can be overwhelming, but they often converge into one lingering question: "What do I do now?" As an ...
Car repossessions are surging across San Diego County as more families fall behind on auto loan payments, mirroring a national spike in delinquencies. Tow truck drivers say they are now fielding far ...
Subprime auto borrowers are falling behind at a pace not seen in years. In the securitized loan pools LoanTape studied, 17.68% of subprime auto balances were at least 30 days delinquent in September.
As pandemic stimulus money has run out for many Americans, debt is starting to mount again and it is leading to signs of trouble, particularly in the auto industry where car repossessions are on the ...
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 ...
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