⚠️CHART OF THE WEEK: US auto repossessions hit the Great Financial Crisis levels

Another evidence that an average US consumer is struggling

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Global Markets Investor
March 29, 2025

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US car repossessions rose by 16% and hit 1.73 million in 2024, the highest since 1.77 million in 2009, the last year of the Great Financial Crisis.

Car repossession means a lender legally takes back a vehicle from a borrower who has defaulted on their loan payments.

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To put this differently, Americans are defaulting on their car loans as almost never before.

The share of subprime 60+ days delinquencies on auto loans surged to 6.56% in January, the most on record.

Furthermore, auto loans serious (90+ days) delinquency rates hit 3.0% in Q4 2024, the highest level in 14 years.

There are no signs of consumer recovery yet.

⚠US consumers' finances are getting worse

The share of Americans that would be able to cover $2,000 emergency expense is falling

globalmarketsinvestor.beehiiv.com/p/us-consumers-finance-are-getting-worse

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globalmarketsinvestor.beehiiv.com/p/investment-portfolio-update-march-18-2025

!!️US serious delinquencies on auto loans are skyrocketing

More evidence that the majority of US consumers are struggling

globalmarketsinvestor.beehiiv.com/p/us-serious-delinquencies-on-auto-loans-are-skyrocketing

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