🎙️ No sensationalism, just facts and context. Donate now
More Americans are falling behind on car loans
Mar 7, 2025

More Americans are falling behind on car loans

HTML EMBED:
COPY
The New York Fed found that auto loan delinquency rates increased in 2024 across all income levels.

Segments From this episode

The economy's been through a lot this week

It’s a week that felt like a lifetime for this economy. Today, we got jobs numbers from the Bureau of Labor Statistics. And then there’s been all the chaos of tariffs. Let’s discuss with Christopher Lowe, chief economist at FHN Financial in New York.

Car loan payments are skidding

Fitch Ratings this week finds that 6.5% of subprime borrowers were at least two months late on their car payments. That’s the highest level since the agency began collecting this data in 1994.

The sights, sounds and feelings of a vintage race car

As part of our “What’s That Like?” series, we hear from vintage race car mechanic Nick Polimeni, who works at GMT Racing in Connecticut, preserves old race cars and readies them for prime time.

The team

Leanna Byrne Host, BBC
Kelly Silvera Executive Producer
Meredith Garretson Morbey Senior Producer
Alex Schroeder Producer
Erika Soderstrom Producer
Ariana Rosas Producer
Nic Perez Director/Producer
Dylan Miettinen Digital Producer
John Bruington Media Producer
Jesson Duller Media Producer
Brian Allison Technical Director
James Graham Producer, BBC
Jo Critcher Producer, BBC
Naomi Rainey Producer, BBC