Car Owners news and trends

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Auto Loan Delinquency Rates Reach Highest Level Since 1994

October 22, 2023
The recent surge in delinquency rates on auto loans in the United States has raised concerns about the financial challenges faced by car owners. With interest rate hikes and rising inflation, many Americans are finding it increasingly difficult to afford their monthly car payments, Bloomberg reported Saturday (Oct. 21). The percentage of subprime auto borrowers at least […]