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.
今年迄今爲止，與去年同期相比，汽車被收回的數量增加了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.
發生了什麼：據彭博報道，援引Cox Automotive的數據，車輛被收回的數量開始在2023年增加。從2019年上半年至今已經增長了14％，超過了疫情前的水平。
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.
汽車被收回通常會在逾期三個月的車貸還款後發生，而在疫情期間此情況有所緩和。回想一下，當時貸款人變得更加寬容，而刺激支票也提高了借款人的財務狀況。
Also Read: How Are BYD, Xiaomi And Nio Boosting Car Sales?
還要閱讀：比亞迪、小米和蔚來如何推動汽車銷售？
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.
但是聯儲局拒絕降息導致汽車貸款金額加大。根據Edmunds公司的數據，新車的平均利率目前爲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，新車的平均月付款已經達到了739美元，二手車爲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.
根據彭博報道，自2019年2月創下記錄以來，次級汽車貸款人在6月至少拖欠賬單60天的比例爲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.
據預測，隨着通脹降溫的跡象出現，聯儲局將於9月開始降低其5.25％至5.50％的關鍵利率，這可能爲借款人提供重新融資或購買其他物品的機會。
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.
股票表現：美國密歇根州的汽車金融公司Credit Acceptance Corporation（NASDAQ：CACC）週二下午交易時上漲3.89％至607.72美元。
Exchange-traded funds (ETFs) that track Credit Acceptance also trended upward.
跟蹤Credit Acceptance的交易所交易基金（ETF）也呈上升趨勢。
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）上漲了0.61，IQ Candriam U.S. Mid Cap Equity ETF（NYSE:IQSM）上漲了0.33％，RiverNorth Patriot ETF（FLDZ）上漲了0.20％。 Schwab Fundamental U.S. Small Company ETF（NYSE:FNDA）上漲了2.94％，John Hancock Multifactor Small Cap ETF（NYSE:JHSC）上漲了2.63％。
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