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Americans Are Falling Behind On Auto Loans at an Alarming Rate

The economy hasn’t tumbled into the massive recession that some predicted, but there are signs of trouble brewing in the automotive lending industry. At the end of last year, more subprime borrowers were 60 days or more behind on their auto loans than at any point since the Great Recession in 2009.

Chris Teague Feb 01, 2023

Recent Comments

Jeanbaptiste The last time I used AM was in a Park area that said listen to 1300AM for water releases. That was a decade ago.
Ronin When you are driving cross country at night, and are totally bored, it's great to spin the AM dial and DX distant stations from hundreds and hundreds of miles away. It's something to do.On the other hand, the CONTENT of AM radio is abysmal. It's a trough of commercial after commercial after commercial. AM radio is destroying itself by thereby making itself unlistenable.
Dave M. I think I last listened to AM after 9/11, but the talk radio cesspool took its toll on my mental health. Prior to that I last listened to AM in the '70s....I'm a 20-year XM subscriber; Apple Music also has me in its grip. For traffic conditions I use Waze, which I've found to be highly reliable.
Art Vandelay Install shortwave so I can get numbers stations
THX1136 Radio World has been talking about this for a few years now. The public perception of AM has done much to malign it. As some have pointed out, there are parts of the country that work well with AM, especially when considering range. Yes indeed, there are options. To me that's what this is more about. The circuitry for AM is probably all on one chip now - or close to it. It cannot be a matter of cost - even at the inflated manufacturer asking price. Making what appears to be an arbitrary decision and reducing choice seems unwise in the area of radio in vehicles.Some have commented that they never listen to AM 'so I'm not missing it'. I'm guessing that many folks don't use ALL the features their many devices offer. Yet, they are still there for those occasions when one wants to avail themselves. Bottom line for me is it should still be an available option for the folks out there that, for whatever reason, want to access AM radio. Side note: Top 40 radio on AM was where all the music I listened to as a youth (55 years ago) came from, there were few (if any) FM stations at that time that carried the format. FM was mostly classical and talk and wasn't ubiquitously available in a portable form - AM was. FYI, the last I knew all stations - AM & FM - still have to have an EAS system as part of their broadcast chain. It's tested by the FCC at least once a year and all stations must be able to pass along the alert messages or face action from the FCC to correct the situation.

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Americans Are Falling Behind On Auto Loans at an Alarming Rate

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