The Logical Leftist
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Trump's Economy Is KILLING Car Ownership
Posted
October 22, 2025
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2,497
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October 22, 2025
2,497
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11:34Now PlayingMore data continues to come out showing how much Trump's economy is harming the average person.
According to a study by VantageScore Americans are increasingly defaulted on their vehicle loans.
Delinquencies have surged by 50pc in the last 15 years, meaning car loans have gone from one of the safest consumer credit products to one of the riskiest.
Among subprime borrowers – typically low income households with bad credit ratings – delinquency has hit a record high.
In August, the share of subprime auto loans where borrowers had missed payments for 60 days or more was 6.43pc, according to Fitch Ratings.
And last year, 1.73 million cars were repossessed, the highest number since 2009, according to Cox Automotive.
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