Car repossession rates in 2024 reached their highest level in over a decade at about 1.73 million. During the same year, ...

Your credit score is one of the most important factors lenders look at when deciding how much interest to charge on your auto ...

Explore the latest insights and trends in automotive remarketing to enhance your used car sales strategies and improve dealer performance.

Point Predictive on Tuesday released its 2025 Auto Lending Fraud Trends Report, detailing that finance companies face an ...

“While it may be indicating some real financial distress for subprime borrowers, it might also be due to deliberate defaults.

A lower credit score can make getting approved for competitive auto loan rates ... risk of default. In the news According to Jerry, a car insurance provider, a borrower with a deep subprime ...

Higher interest rates aimed at bringing inflation down also made new auto loans more expensive for borrowers. AUTOMAKERS GET 1-MONTH TARIFF EXEMPTION, WHITE HOUSE SAYS Subprime auto loan ...

Car owners are missing their monthly payments at the highest rate in more than 30 years. In January, the share of subprime auto borrowers at least 60 days past due on their loans rose to 6.56% ...

6.6 percent of subprime ... rate in more than 30 years, data shows. According to Fitch Ratings, 6.56 percent of subprime auto borrowers were are at least 60 days past due on their loans in January ...

Because interest rates remain high, securing a subprime auto loan may be more difficult — but not impossible, especially as experts hope for lower rates in 2025. Experian data from 2024’s ...

Missed payments on auto loans by American car owners rose to the highest level in three decades earlier this year. The percentage of borrowers with subprime ... interest rates aimed at bringing ...