Car Repossessions
Repossession Reckoning: U.S. Auto Market Grapples with Soaring Defaults as Consumer Strain Mounts
The United States is currently in the throes of a significant surge in car repossessions, a trend that has escalated throughout 2024 and is projected to continue well into 2025. This alarming rise has pushed repossession rates to their highest levels in 15 years, drawing parallels to the economic downturn