Car Loan Defaults 2025. More americans are falling behind on their car loan and credit card payments than at any time in more than a decade, a troubling signal of consumer stress. Borrowers are falling behind on car loan payments at the highest rate in 27 years.
Both figures are the highest in. Millennials, those born between 1980 and 1994, have fallen behind on car loans at a rate of 2.14 percent, compared with 1.66 percent before the pandemic,โ says.
Updated On Jan 4, 2025.
Cracks are appearing in the u.s.
The Recent Surge In Auto Loan Defaults Is A Troubling Sign For The Economy, Reflecting Broader Financial Challenges Faced By Consumers Money + Investing.
In march, 8.5% of subprime borrowers defaulted on their car loans, according to.
The Report Shows Total Household Debt Increased By $212 Billion (1.2%) In The Fourth Quarter.
Images References :
February 29, 2025 At 5:00 Am Pst.
The first chart in this graphic shows the growth in outstanding car loans between q2 2020 (start of the pandemic) to q4 2022 (latest available).
Cracks Are Appearing In The U.s.
Millennials, those born between 1980 and 1994, have fallen behind on car loans at a rate of 2.14 percent, compared with 1.66 percent before the pandemic,โ says.