Auto delinquencies climb as lower-income Americans struggle with car payments
On the Dash: Over 6% of subprime auto loans are now more than 60 days delinquent, the highest on record. Vehicle repossessions surged to 1.73 million last year, the most since 2009. Automakers and lenders are tightening credit but still facing affordability pressures as monthly payments rise. Delinquency rates on subprime auto loans have reached … Continue reading Auto delinquencies climb as lower-income Americans struggle with car payments
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