Car repossessions went up 43% over two years as high prices squeeze Americans. Here's what to do if you're at risk

As vehicle prices have risen, amid elevated interest rates and high living costs, so too have repossessions in recent years.
Hosted on MSN

My car was repossessed after 6 months of missed payments during a hospital stay. I still owe $20,000 on a 5-year loan with 4 years left — am I responsible for the full amount?

Taking on a car loan comes with a lot of responsibility. With Experian reporting that the 2024 average car payment for new and used cars sat at $734 and $525 per month, respectively, it's very easy ...
Auto Remarketing

Commercial consignor sales at auction reflect strength in off-rental, repo volumes

Auction sales of 2-year-old vehicles from commercial consignors climbed nearly 32% year-over-year in November and beat October numbers by 4%. Through 11 months of the year, sales of these vehicles ...

Car repossessions went up 43% over two years as high prices squeeze Americans. Here's what you can do if you're at risk

As vehicle prices have risen, amid elevated interest rates and high living costs, so too have repossessions in recent years. Cox Automotive estimates yearly auto repossessions went up about 43% ...