More than 1.2 million cars were repossessed in the United States in 2022, according to the Journal of Consumer Reports. 1 If your vehicle has been repossessed or you’re at risk of repossession, there ...

Since 2020 the car market has been rocked by one problem after another. First it was a lack of stock, then parts, then supply. All of this causes prices to shoot up. Along with rising prices also came ...

Unfortunately, buying a car usually requires a sizeable loan, along with regular payments that must be made on time. If you're struggling to keep up with your lender, you're not alone. According to ...

Fifth Third Bank on Tuesday said it agreed to pay $20 million in penalties imposed by the Consumer Financial Protection Bureau to settle a CFPB investigation into its auto insurance practices, and a ...

There were 2,332,837 auto loan defaults last year, exceeding levels seen during the Great Recession. Approximately 1.73 million vehicles were repossessed, which was the highest level in over a decade.

Shock. Anger. Shame. And finally, hopelessness. The emotions that follow a car repossession can be overwhelming, but they often converge into one lingering question: “What do I do now?” As an ...

Repossessions of cars are surging in a way that's hard to ignore. More than 2.2 million vehicles have already been repossessed this year, a number expected to climb past 3 million by the end of 2025, ...

Security Bank Corporation on Friday said it has partnered with Toyota Auto Auction (TAA), the auction services arm of Japanese trading company Toyota Tsusho Philippines, to optimize the sale of the ...

ATLANTA — More Americans are falling behind on their car payments as 2025 comes to a close, with auto repossessions nearing levels not seen since the Great Recession. WSB consumer expert Clark Howard ...

The car repo business is booming as Americans fall behind on increasingly expensive car payments. Cars are being repossessed at the highest rate since the Great Recession of 2008 and 2009. The repo ...