Part 4/12:
In the final quarter of the current year alone, an estimated 820,236 vehicles are expected to be repossessed nationwide. This surge is driven by an increasing number of borrowers falling behind on their auto loan payments. Data from Fitch reveals that as of August, approximately 6.43% of subprime borrowers were over 60 days late on their payments—a troubling sign of mounting financial distress among the most vulnerable segments of the population.