NEW YORK — According to the S&P/Experian Consumer Credit Default Indices, the auto loan default rate dropped from 1.45 percent in April to 1.34 percent in May. Moreover, first and second mortgage ...
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 ...
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 ...
Across showrooms and dealer websites, car shoppers are running smack into a new kind of […] ...
In the fourth quarter of 2025, 20.3% of new‑car shoppers agreed to monthly payments topping $1,000 — the highest share ever recorded.
Car loan delinquencies are now at their highest level since 2009 and some economists are sounding alarm bells for what it means for the economy. Delinquencies, defined as 60 days or more past due, are ...
Buying a new car can be exciting, but figuring out how to pay for it? Less so. And for a growing number of Americans, it’s becoming a serious problem. Recent figures show that the percentage of ...