{"id":192209,"date":"2025-10-11T06:28:09","date_gmt":"2025-10-11T06:28:09","guid":{"rendered":"https:\/\/www.newsbeep.com\/uk\/192209\/"},"modified":"2025-10-11T06:28:09","modified_gmt":"2025-10-11T06:28:09","slug":"more-car-owners-are-falling-behind-on-their-payments","status":"publish","type":"post","link":"https:\/\/www.newsbeep.com\/uk\/192209\/","title":{"rendered":"More Car Owners Are Falling Behind on Their Payments"},"content":{"rendered":"<p class=\"c-paragraph\">More Americans are missing car payments amid high prices and steeper interest. About one in seven new-car buyers in September had a credit score of less than 650\u2014the most for that month since 2016\u2014while subprime borrowers 60 days late hit a record of more than 6 percent, <a onclick=\"_sendArticleBodyInlineLinkClickAnalytics(&#039;https:\/\/www.wsj.com\/business\/autos\/auto-loans-subprime-late-payments-1d8bb33c?mod=hp_lead_pos4&#039;)\" href=\"https:\/\/www.wsj.com\/business\/autos\/auto-loans-subprime-late-payments-1d8bb33c?mod=hp_lead_pos4\" rel=\"nofollow noopener\" target=\"_blank\">The Wall Street Journal<\/a> reports, citing Fitch. Repossessions climbed to an estimated 1.73 million last year, the most since 2009, according to Cox Automotive, the paper reports. With average monthly payments topping $750\u2014and nearly 20 percent now more than $1,000\u2014some shoppers are heading to used car lots or biding their time. Carmakers are trying to tempt buyers, with Ford dangling lower rates to help clear unsold F-150s, and GM\u2019s finance arm says roughly 12 percent of loans this year went to customers with sub-620 scores, the Journal reports. A bankruptcy at lender Tricolor, which served buyers with thin credit files, is underscoring the strain.<\/p>\n<p><a class=\"read-it-at-btn\" href=\"https:\/\/www.wsj.com\/business\/autos\/auto-loans-subprime-late-payments-1d8bb33c?mod=hp_lead_pos4\" target=\"_blank\" rel=\"noopener noreferrer nofollow\">Read it at The Wall Street Journal<\/a><\/p>\n","protected":false},"excerpt":{"rendered":"More Americans are missing car payments amid high prices and steeper interest. About one in seven new-car buyers&hellip;\n","protected":false},"author":2,"featured_media":192210,"comment_status":"","ping_status":"","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[11],"tags":[34796,84,62386,84210,1294,56,54,55],"class_list":{"0":"post-192209","1":"post","2":"type-post","3":"status-publish","4":"format-standard","5":"has-post-thumbnail","7":"category-economy","8":"tag-automotive-industry","9":"tag-business","10":"tag-car-sales","11":"tag-economic-crisis","12":"tag-economy","13":"tag-uk","14":"tag-united-kingdom","15":"tag-unitedkingdom"},"_links":{"self":[{"href":"https:\/\/www.newsbeep.com\/uk\/wp-json\/wp\/v2\/posts\/192209","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/www.newsbeep.com\/uk\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.newsbeep.com\/uk\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.newsbeep.com\/uk\/wp-json\/wp\/v2\/users\/2"}],"replies":[{"embeddable":true,"href":"https:\/\/www.newsbeep.com\/uk\/wp-json\/wp\/v2\/comments?post=192209"}],"version-history":[{"count":0,"href":"https:\/\/www.newsbeep.com\/uk\/wp-json\/wp\/v2\/posts\/192209\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/www.newsbeep.com\/uk\/wp-json\/wp\/v2\/media\/192210"}],"wp:attachment":[{"href":"https:\/\/www.newsbeep.com\/uk\/wp-json\/wp\/v2\/media?parent=192209"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.newsbeep.com\/uk\/wp-json\/wp\/v2\/categories?post=192209"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.newsbeep.com\/uk\/wp-json\/wp\/v2\/tags?post=192209"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}