Car Repos Jump In The First Half Of 2024 As Fed Eyes Rate Cuts
Car Repos Jump In The First Half Of 2024 As Fed Eyes Rate Cuts
So far this year, car repossessions are up 23% compared with the same period last year.
今年迄今为止，与去年同期相比，汽车被收回的数量增加了23%。
What Happened: According to Bloomberg, citing data from Cox Automotive, vehicle repossessions began increasing in 2023. They're up 14% from the first half of 2019, exceeding pre-pandemic levels.
发生了什么：据彭博报道，援引Cox Automotive的数据，车辆被收回的数量开始在2023年增加。从2019年上半年至今已经增长了14％，超过了疫情前的水平。
Vehicle seizures, which usually happen after three months of missed car payments, fell during the pandemic. Recall how lenders became more lenient and stimulus checks boosted borrowers' finances.
汽车被收回通常会在逾期三个月的车贷还款后发生，而在疫情期间此情况有所缓和。回想一下，当时贷款人变得更加宽容，而刺激支票也提高了借款人的财务状况。
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But the Federal Reserve's refusing to cut interest rates have led to heftier car payments. The average interest rate for a new car is currently 7.3% and 11.5%, according to Edmunds data.
但是美联储拒绝降息导致汽车贷款金额加大。根据Edmunds公司的数据，新车的平均利率目前为7.3％至11.5％。
As a result, the average monthly car payment has reached $739 for a new car and $549 for a used car.
因此，新车的平均月付款已经达到了739美元，二手车为549美元。
The percentage of subprime auto borrowers who were at least 60 days late on their bills in June was 5.62%. That's down just slightly from a record in February, according to Fitch Ratings, Bloomberg reported.
根据彭博报道，自2019年2月创下记录以来，次级汽车贷款人在6月至少拖欠账单60天的比例为5.62%。
The Fed is expected to begin lowering its key interest rate ranging from 5.25% to 5.50% in September as inflation shows signs of cooling, a move that could give borrowers the chance to refinance or buy something else.
据预测，随着通胀降温的迹象出现，美联储将于9月开始降低其5.25％至5.50％的关键利率，这可能为借款人提供重新融资或购买其他物品的机会。
Price Action: Credit Acceptance Corporation (NASDAQ:CACC), a Michigan-based auto finance company, rose 3.89% to $607.72 by late-afternoon trading on Tuesday.
股票表现：美国密歇根州的汽车金融公司Credit Acceptance Corporation（NASDAQ：CACC）周二下午交易时上涨3.89％至607.72美元。
Exchange-traded funds (ETFs) that track Credit Acceptance also trended upward.
跟踪Credit Acceptance的交易所交易基金（ETF）也呈上升趋势。
SRH U.S. Quality ETF (NYSE:SHRU) gained 0.61 as IQ Candriam U.S. Mid Cap Equity ETF (NYSE:IQSM) moved up 0.33% and RiverNorth Patriot ETF (FLDZ) improved 0.20%. Schwab Fundamental U.S. Small Company ETF (NYSE:FNDA) jumped 2.94% and John Hancock Multifactor Small Cap ETF (NYSE:JHSC) picked up 2.63%.
SRH U.S. Quality ETF（NYSE:SHRU）上涨了0.61，IQ Candriam U.S. Mid Cap Equity ETF（NYSE:IQSM）上涨了0.33％，RiverNorth Patriot ETF（FLDZ）上涨了0.20％。 Schwab Fundamental U.S. Small Company ETF（NYSE:FNDA）上涨了2.94％，John Hancock Multifactor Small Cap ETF（NYSE:JHSC）上涨了2.63％。
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