According to Fitch, 6.6% of sub-prime vehicle loan owners are behind 60 days on their payments Loans come with buyer with limited incomes and lower credit scores.
2025 Repossession Volume Forecasts
Overall, while repossession agencies might not experience a boom in 2025, they are likely to deal with a steady volume of repossessions, which could be slightly less than recent years, reflecting a return to more predictable economic conditions and consumer behavior patterns. These projections, however, hinge on continued economic stability and no major disruptions in the auto finance market.
Based on projections from Cox Automotive, the volume of car and truck repossessions in 2025 is expected to rise or hold near steady at approximately 1.8 million vehicles. This figure would still represent levels not seen since 2019, suggesting a return to or slightly above historical norms after a period the dramatic fluctuations caused by the pandemic of 2020.
Despite such moderate forecasts, there are some who suggest that the swell of repossession activity will rise. Some even suggest they could rise to as high as 2.1 million to potentially 2.25 million. These figures should be treated with caution as they stem from social media speculation rather than actual official data.