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Economy

mahatmakanejeeves

(64,048 posts) Fri Mar 7, 2025, 04:03 AM Mar 7

Americans Fall Behind on Car Payments at Highest Rate in Decades [View all]

WealthDebt & Savings
Americans Fall Behind on Car Payments at Highest Rate in Decades

Delinquencies on auto loans among subprime borrowers are spiking as consumers continue grappling with higher interest rates.

Bloomberg
By Claire Ballentine
March 6, 2025 at 10:00 AM EST

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3 replies

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Highlight:

Americans Fall Behind on Car Payments at Highest Rate in Decades [View all] mahatmakanejeeves Mar 7 OP

Some more from Bloomberg article on auto loan delinquencies - progree Mar 7 #1

grappling with higher interest rates - are there auto loans with floating rates? bucolic_frolic Mar 7 #2

Nearly 1 in 5 are making payments of $1,000 or more MichMan Mar 9 #3