Top Tweets for #autoDelinquency

over 2 years ago

#Delinquency #AutoDelinquency #AutoLoans #Insurance #CarInsurance BREAKING: Auto loan serious delinquency rates surged to 2.8% in Q1 2024, the highest level since 2010. 90+ day delinquencies have been rising a pace last seen during the 2008 financial crisis. Auto loans held by US households jumped by $9 billion in Q1 to $1.62 trillion, an all time high. This means $45 BILLION of consumers' auto loans are on the brink of default. Meanwhile, car insurance inflation jumped to 22.6% in April, the largest one-year increase since the 1970s’. US households are missing loan payments as if a recession is here.

Beachdudeca's tweet photo. #Delinquency #AutoDelinquency #AutoLoans #Insurance #CarInsurance

BREAKING: Auto loan serious delinquency rates surged to 2.8% in Q1 2024, the highest level since 2010.

90+ day delinquencies have been rising a pace last seen during the 2008 financial crisis.

Auto loans held by US households jumped by $9 billion in Q1 to $1.62 trillion, an all time high.

This means $45 BILLION of consumers' auto loans are on the brink of default.

Meanwhile, car insurance inflation jumped to 22.6% in April, the largest one-year increase since the 1970s’.

US households are missing loan payments as if a recession is here.

Lava @LavaGirl2082651

over 2 years ago

Seems I just mentioned this....🧐 #autoDelinquency #autorepo Thanks @KobeissiLetter -

The Kobeissi Letter

@KobeissiLetter

over 2 years ago

BREAKING: US Subprime auto loan delinquency rates are now set to cross above 4% and stand at 2008 levels. The 60-day delinquency rate for subprime auto loans is now ~3.9%, doubling in just 3 years. Since 2021, subprime and prime auto loan delinquencies have moved in a straight-line higher. The increase accelerated once the Fed began raising rates in March 2022. Meanwhile, auto insurance rates have spiked by 22% over the last year, the biggest jump in over 50 years. Consumer bankruptcies are set to skyrocket.

KobeissiLetter's tweet photo. BREAKING: US Subprime auto loan delinquency rates are now set to cross above 4% and stand at 2008 levels.

The 60-day delinquency rate for subprime auto loans is now ~3.9%, doubling in just 3 years.

Since 2021, subprime and prime auto loan delinquencies have moved in a straight-line higher.

The increase accelerated once the Fed began raising rates in March 2022.

Meanwhile, auto insurance rates have spiked by 22% over the last year, the biggest jump in over 50 years.

Consumer bankruptcies are set to skyrocket.

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Top Tweets for #autoDelinquency

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