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%, the … [+72 chars]
Americans Fall Behind on Car Payments at Highest Rate in Decades - Bloomberg
Delinquencies on auto loans among subprime borrowers are spiking as consumers continue grappling with higher interest rates.
By:Claire Ballentine
Source:Bloomberg
Published:
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