More people are missing car payments in another ominous sign for the economy

A record number of Americans are behind on their auto loan repayments.

The rate hit 6.11% in September, per figures from Fitch Ratings reported by Bloomberg.A record number of subprime borrowers are behind on their auto loan payments by 60 days or more, according to figures from Fitch Ratings reported by

Analysts predict that auto loan delinquencies will continue to rise into 2024 and peak at about 10% before they start to fall, per High interest rates are also having an impact, with many turning to borrowing to cope. In the second quarter of this financial year, credit card debt surpassed $1 trillion for the first time in the

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