As Auto Loan Delinquencies Soar, Repossessions On Track To Break Record
On Friday we noted that auto loan delinquencies among low-tier consumers have surged 50% since 2010, as new vehicle prices have spiked over 25% since 2019 and 20% of borrowers forking over at least $1,000 per month for their depreciating asset (at 9% APR, no less). Via CBS / Vantagescore And so it makes perfect sense that with over 100 million auto …
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