Car repossessions expected to hit their highest rate since the 2009 recession. Is it a sign the economy is in trouble?

More Americans are struggling to keep up with their car payments. Auto loan delinquencies have risen above pre-pandemic levels after hitting record lows during COVID — and more borrowers are now facing defaults and repossessions. A recent report from the Recovery Database Network (RDN), says more than 2.5 million cars were repossessed last year, and this year is on track to hit 3 million, the most since 2009 (1). Must Read Thanks to Jeff Bezos, you can now become a landlord for as little as $100 — and ...