BREAKING: Auto loan serious delinquency rates surged to 2.8% in Q1 2024, the highest level since 2010.90+ day delinquencies have been rising a pace last seen during the 2008 financial crisis.Auto loans held by US households jumped by $9 billion in Q1 to $1.62 trillion, an all time high.This means $45 BILLION of consumers' auto loans are on the brink of default.Meanwhile, car insurance inflation jumped to 22.6% in April, the largest one-year increase since the 1970s’.US households are missing loan payments as if a recession is here
lMoreover, US Credit Card serious deinquencies of 90+ days have reached 7%, the highest level since 2011.US Credit card debt is already $1.1 trillion.Therefore, $78 billion of credit card debt is near a default.
The Bear Room, page-1629
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Last
$2.87 |
Change
-0.050(1.71%) |
Mkt cap ! $3.747B | |||
| Open | High | Low | Value | Volume |
| $2.99 | $3.02 | $2.82 | $37.30M | 12.90M |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 2 | 4400 | $2.86 |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| $2.87 | 56094 | 6 |
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| ZIP (ASX) Chart |