A key group of American borrowers is falling significantly behind on their car loans. It’s yet another sign that the US economy is forming some serious cracks, leaving the most vulnerable in financial distress.

The average new car price has skyrocketed to $50,000. Tariffs, the end of the federal EV tax credit and luxury car sales are deemed to be responsible.

Taxpayers who buy a new car assembled in U.S. may be able to deduct up to $10,000 beginning in 2025. To help sort out the details, the IRS is rolling out guidance.

WEST PRICE HILL, Ohio (WKRC) - A car went through a home on Monday. It happened at around 12:40 a.m. on West Eighth and Sunset Avenue in West Price Hill.

The rise in negative equity comes as more Americans are falling behind on car payments. Nearly 6.5% of subprime auto loans, to customers with poor credit, were at least 60 days past due as of August, according to Fitch Ratings. That index reached a historic high this year.

The Chaparral Football Car Wash Fundraiser for SMA is happening Saturday, October 25, from 11 a.m. to 1 p.m. at Chaparral High School in Scottsdale.

The growing number of repossession assignments coincides with a surge in delinquencies. According to Fitch Ratings, 6.43 percent of subprime auto loans were at least 60 days past due in August, on par with the 6.45 percent recorded in January—the highest level in over three decades of tracking.

The body of Bernardo Bravo, president of the Apatzingan Valley Citrus Producers Association, was found in his vehicle, officials said.