EVsJalopnikabout 2 hours ago
Car Repossessions Rise as Loan Defaults Hit Record
1 min read
New-vehicle prices exceeded $50,000 for the first time in September, and a record 24 percent of borrowers took out loans spanning seven years or longer in the second quarter. Default rates in March hit their highest since 2010, with repossession auction volume up 11 percent from last year.
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