Americans Can’t Afford Their Cars Anymore

Owning a car has become so expensive that auto loan delinquency rates are seeing levels higher than in the Great Recession.  Data from TransUnion and S&P Global Mobility’s AutoCreditInsight found that account-level delinquency rates of auto loans 60+ days past due have risen 26 basis points from the first quarter of 2021’s 1.43% to 1.69% … Continue reading Americans Can’t Afford Their Cars Anymore