Auto Loan Crisis: Are Car Repossessions the New Foreclosure?
Update: 2025-09-10
Description
Are Auto Loan Defaults the New Economic Red Flag? A new report reveals car repossessions are surging to levels not seen since the Great Recession, driven by sky-high vehicle prices, predatory lending, and weak government oversight. With average car prices near $50,000 and many paying over $1,000/month, families are struggling, and consumer advocates are demanding action to prevent a full-blown crisis.
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