This is old news and I have not seen the ramifications of these defaulters in their car payments.  But its a good reminder that all is not well in the economy, if people cannot afford to drive to work.

The annual percentage rate, or APR, on a new financed vehicle is expected to average 6.36% in March, compared with 5.66% in March 2018 and 4.44% five years ago.

So interest rates are moving up, despite what the Fed has been saying that rates would remain constant.