(Bloomberg) - Car owners are missing their monthly payments at the highest rate in more than 30 years.
https://www.bloomberg.com/news/articles/2025-03-06/late-car-loan-payments-auto-delinquencies-spike-to-highest-level-in-decades
https://www.bloomberg.com/news/articles/2025-03-06/late-car-loan-payments-auto-delinquencies-spike-to-highest-level-in-decades
Comments
USA is going to crash hard and fast.
I hate the orange baboon, but he might unintentionally be doing something right ...
It's just the new rationing.
You know, tariffs on odd months.
Payments on the even months.
afford!
He is responsible for the dip anyway.
Means more money for buying other things!
The only reason I would "upgrade" would be to go from my modest but reliable compact to an electric car for the sake of the planet.
and ofc NOT a Tesla.
My car is a stick shift, my environmentalist friend sd that's pretty fuel efficient, so, yay you and me👍
Avg hh income in ‘24 was $80.6k w/avg rent & mortgages @ $1979 and $2703, respectively.
At a 25% tax rate, the avg hh brings home $4986/mo. This leaves $2353 or $1529 after rent/auto or mortg/auto.
https://www.edmunds.com/industry/press/nearly-1-in-5-new-car-shoppers-committed-to-a-1000-monthly-payment-in-q4-2024-according-to-edmunds-experts.html
Profits of new cars have always been minimal, comparatively. There has been ZERO incentive to lower prices since then.
Is so much higher than 2002-2006?
Is there a regulatory change at work here?
😭😂😭😂🔥🔥🔥🔥
https://www.dailymail.co.uk/news/article-14459107/Tesla-showroom-torched-arson-attack-France-550-000-cars-destroyed-amid-growing-fury-Europe-Elon-Musks-EU-meddling-Trump-Ukraine-funding-row.html
😭😂😭😂
Because so many people are now living in their cars.
They have an endgame. And it doesn’t include us.
It brings new opportunities.
This chaos will weaken resistance, strengthen their power and expand their wealth.
We’re just collateral damage.
I wanted to get an electric car but I think I'll get a bicycle instead.
RumpStagFlation is:
Stagnation of economic activity (i.e. job loses and high unemployment) induced by rump tariffs that causes inflation (i.e. higher prices).
Is a worse economic scenario possible?
What do you think?
The market is crashing and her response is, “it’s fine. Trump is playing chess while everyone else is playing checkers.” It’s sickening. 🤮
Which will not be solved by reducing spending in Education ..
It is simply amazing to me.
I was simply making an observation that agreed with what you were saying.
People are willing to go into major debt for a vehicle.
They got richer on the way up and down, while screwing over and blaming the poor and minorities.
He’s a conman, and it’s a cult.
It’s not like the information wasn’t everywhere.
It’s not like he didn’t screw everybody in his first term.
We are in a recession
Our 1$ 1 Day delinquency is only 10.7% and our over 60 day is 1.08%
6% 60 day plus delinquency is extremely high
Yes pay more for value added service at the dealer.
Disgusting.
By BOTH parties 😒
@mtsw.bsky.social
NOT !!!
https://youtu.be/EgbAQpR3TeY?si=drNbSTqSi7gkCpXR
Keeping American households in debt is a savage, greasy machine with one purpose: to feed the beast of capitalism.
depression
Looks like it's time for more quantitative easing! The rich should be excited about this. Everyone else who builds the wealth they steal? Probably less excited.
Top that off with registration fees and insurance and your car becomes a huge expense.
Login to SSA statement will be barcoded/time stamped what you’ve paid in/what your SSA benefits will be due to you. If information disappears having a hard copy on hand at all times is crucial!!! make sure to keep safe your SSA card issued from them on hand
Like you said, 80K cars that are of questionable quality.
Mainly because the profit margins are greater with higher end cars. And the fact the car companies are in the auto finance business, who's side gig is manufacturing cars.
Yes
No
Have you seen that lady astronaut’s hair?
PS - F the yam king.
Average loan amount Sept '24 - $39,300.
$491B in outstanding loans.
Thought it was Donald's weird signature
Go figure.