Car Repossession Chart 2024. Repossessions will hit 1.5 million vehicles in 2023 after rebounding from pandemic lows. However, in 2022 that figure fell dramatically to just 14.1%, but during the rest of 2023 and into 2024 mag anticipates that monthly figure will rise above 50% again.
Hyundai’s exports up by 58.82%. The 10 car loan statistic.
Repossessions Will Hit 1.5 Million Vehicles In 2023 After Rebounding From Pandemic Lows.
Signs suggest higher rates are ahead.
That's 6% Higher Than In The Previous Quarter And 22% Higher Than.
Impact on credit of bankruptcy vs car repo.
The Share Of Subprime Borrowers Who Were “Delinquent”—That Is, At Least 60 Days Late On Their Car Payments—Rose To 6.11% In September, Up From 5.01% Just Three.
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In December 2022, The Average New Car Loan Rate Was 8.0%, An Increase From 5.15% The Year Prior.
Back in february, cox automotive indicated what we already intuitively knew:
Foreclosure Filings Totaled 95,712 In The First Quarter Of 2023.
The new car loan rate for september was 7.4% compared to the average rate of 6.9% at the beginning of 2023.
Us Auto Loans Delinquent By 90 Or More Days Is At 4.17%, Compared To 3.91% Last Quarter And 3.73% Last Year.
