Automotive Debt Statistics

Automotive Debt Statistics 2022-2023 Auto loan debt is the third-largest debt consumer have, behind mortgages and student loan debt. The average car loan debt for a new car is $648 monthly in [...]

Auto Loan Default Statistics

Auto Loan Default Statistics 2022-2021 Defaults increased from auto loan lending standard decay. Q1-2020-to-Q2-2021 auto loan defaults rose from 4.17% to 4.64%. Millennial-driven increases in [...]

Repossession Facts

Automotive Repossession Facts Paying the Deficiency A deficiency is defined as the difference between your outstanding balance plus any additional fees and what the lender receives after [...]

Car Repossession Statistics 2023

2022-2021 Car Repossession Facts (United States Data) 2.2 million vehicles are repossessed every year (2022 updated data) 5,418 repossessions every day 226 car repossessions each hour 3.76 [...]

Car Title Loan Statistics Trends and Facts

Title Loan Statistics 2022-2021, 2020-2019 7,700 licensed car title lenders in 21 states 226 car repossessions each hour in the USA For the average title loan of $1000, you will spend [...]