Auto Repossession Rates 2025. So what happens to the over 6 percent of subprime borrowers who were 60 days past due on their auto loans in september? Many drivers are experiencing higher monthly payments driven by soaring interest rates for the first time.
The chart below shows how average auto loan origination amounts have tracked car prices, using the consumer price index (cpi) for new and used motor. Historical data reveals that auto loan defaults have generally been higher than repossession volumes, with around 20% of defaulted loans not resulting in.
About 1.8 Million Units Were Repossessed In 2017, Making It The Best Year For.
Signs suggest higher rates are ahead.
Back In February, Cox Automotive Indicated What We Already Intuitively Knew:
Delinquency transition rates increased for all debt types, except for student loans.
Auto Repossession Rates 2025 Images References :
But If Your Credit Score Is Between 781 And 850, The Average Interest Rate On A New Car Loan Drops To 5%.
Historical data reveals that auto loan defaults have generally been higher than repossession volumes, with around 20% of defaulted loans.
Voluntary Terminations (Vts), Voluntary Surrenders And Repossessions For Cars Rose In May 2023 To The Highest Level For Nearly Two Years According To The Motor.
Since 2012, repossessions within the auto industry have been climbing steadily.