Vehicle repossessions have skyrocketed in recent months amid rising car prices and prolonged inflation, newly published reports suggest.
A growing number of Americans are falling behind on their car payments as the lowest-income residents struggle to meet their monthly debts and are being forced to buy more expensive cars following pandemic-era supply chain issues, reports.
Repossession companies are now struggling to meet the demand of lenders requesting their cars be taken back, and industry analysts fear the trend will continue into 2023 as unemployment rises and savings dwindle amid
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