AUTO REPOS
Car repossessions in public auto-loan bonds.
10 years (2016–2026) of auto-loan bond data across 21 lenders, reported to the SEC. About the data
Monthly repos per 1,000 loans
2.64
▲ 4% vs. the year before · 1.40 in 2021
Repos, last 12 months
251K
▲ 2% vs. the year before
60+ days late, Aug 2026
2.25%
▲ 0.02 pts vs. a year ago · 0.75% in 2021
Open loans, Aug 2026
7.6M
▼ 6% vs. a year ago · 30.5M tracked
Climbing since the 2021 low
Monthly repossessions per 1,000 active loans.
Each month12-month average
See the data
| Year | Repossessed | Active loan-months | Per 1,000 a month |
|---|---|---|---|
| 2018 | 113,928 | 47,555,773 | 2.40 |
| 2019 | 176,210 | 69,208,899 | 2.55 |
| 2020 | 127,426 | 80,904,507 | 1.58 |
| 2021 | 119,668 | 85,469,307 | 1.40 |
| 2022 | 168,003 | 86,334,922 | 1.95 |
| 2023 | 158,441 | 86,533,498 | 1.83 |
| 2024 | 213,067 | 92,953,728 | 2.29 |
| 2025 | 255,974 | 97,446,288 | 2.63 |
| 2026* | 163,120 | 62,642,615 | 2.60 |
Up in every credit band
By credit score at origination. Each panel has its own scale; subprime runs about 28× prime.
Subprime (under 620)
3.93 in 2021 → 7.77 in 2026*
Near-prime (620 to 719)
1.18 in 2021 → 2.93 in 2026*
Prime (720 and up)
0.14 in 2021 → 0.29 in 2026*
See the data
| Year | Subprime | Near-prime | Prime |
|---|---|---|---|
| 2018 | 6.99 | 1.73 | 0.22 |
| 2019 | 7.69 | 2.00 | 0.22 |
| 2020 | 4.86 | 1.46 | 0.18 |
| 2021 | 3.93 | 1.18 | 0.14 |
| 2022 | 5.66 | 1.56 | 0.14 |
| 2023 | 5.38 | 1.78 | 0.17 |
| 2024 | 6.80 | 2.37 | 0.23 |
| 2025 | 7.67 | 2.80 | 0.27 |
| 2026* | 7.77 | 2.93 | 0.29 |
* Through Aug 2026. Loans without a numeric score are excluded.
The lower the score, the more repossessions
Monthly repos per 1,000 loans by credit score at origination, in 20-point steps. Under 500 runs about 148× 820+.
Last 12 months2018 on
See the data
| Score | Loans open (avg) | Last 12 months | 2018 on |
|---|---|---|---|
| Under 500 | 137,302 | 10.21 | 8.30 |
| 500–519 | 113,969 | 9.13 | 7.62 |
| 520–539 | 165,146 | 8.69 | 7.18 |
| 540–559 | 228,036 | 8.34 | 6.84 |
| 560–579 | 283,764 | 7.97 | 6.41 |
| 580–599 | 314,146 | 7.47 | 5.80 |
| 600–619 | 339,453 | 6.63 | 5.05 |
| 620–639 | 370,894 | 5.47 | 3.88 |
| 640–659 | 323,928 | 4.24 | 2.88 |
| 660–679 | 393,229 | 2.72 | 1.85 |
| 680–699 | 415,730 | 1.91 | 1.26 |
| 700–719 | 488,769 | 1.19 | 0.80 |
| 720–739 | 550,124 | 0.77 | 0.52 |
| 740–759 | 565,539 | 0.53 | 0.35 |
| 760–779 | 541,433 | 0.33 | 0.23 |
| 780–799 | 540,679 | 0.22 | 0.15 |
| 800–819 | 547,393 | 0.14 | 0.10 |
| 820+ | 1,324,012 | 0.07 | 0.06 |
More borrowers falling behind
Share of active loans 60+ days past due.
See the data
| Month | Active loans | 60+ days late |
|---|---|---|
| Aug 2026 | 7,649,397 | 2.25% |
| Jul 2026 | 7,587,183 | 2.20% |
| Jun 2026 | 7,653,920 | 2.25% |
| May 2026 | 7,846,282 | 2.15% |
| Apr 2026 | 7,819,841 | 2.08% |
| Mar 2026 | 7,851,057 | 2.00% |
| Feb 2026 | 8,127,163 | 2.10% |
| Jan 2026 | 8,107,772 | 2.35% |
| Dec 2025 | 7,975,056 | 2.45% |
| Nov 2025 | 8,171,669 | 2.29% |
| Oct 2025 | 8,248,949 | 2.09% |
| Sep 2025 | 8,048,786 | 2.27% |
| Aug 2025 | 8,147,719 | 2.24% |
| Jul 2025 | 8,097,065 | 2.18% |
| Jun 2025 | 8,049,666 | 2.17% |
| May 2025 | 8,209,592 | 1.96% |
| Apr 2025 | 8,212,487 | 1.96% |
| Mar 2025 | 8,109,109 | 1.82% |
| Feb 2025 | 8,106,959 | 1.98% |
| Jan 2025 | 8,069,231 | 2.18% |
| Dec 2024 | 7,845,221 | 2.25% |
| Nov 2024 | 8,019,318 | 2.03% |
| Oct 2024 | 8,142,053 | 1.92% |
| Sep 2024 | 7,965,840 | 1.99% |
| Aug 2024 | 7,904,840 | 1.93% |
| Jul 2024 | 7,774,522 | 1.94% |
| Jun 2024 | 7,669,643 | 1.90% |
| May 2024 | 7,669,225 | 1.74% |
| Apr 2024 | 7,539,961 | 1.74% |
| Mar 2024 | 7,450,872 | 1.66% |
| Feb 2024 | 7,471,655 | 1.77% |
| Jan 2024 | 7,500,578 | 2.00% |
| Dec 2023 | 7,266,014 | 2.06% |
| Nov 2023 | 7,368,349 | 1.92% |
| Oct 2023 | 7,327,653 | 1.86% |
| Sep 2023 | 7,215,203 | 1.86% |
| Aug 2023 | 7,235,392 | 1.88% |
| Jul 2023 | 7,216,964 | 1.83% |
| Jun 2023 | 7,115,379 | 1.69% |
| May 2023 | 7,075,597 | 1.62% |
| Apr 2023 | 7,103,513 | 1.55% |
| Mar 2023 | 7,176,833 | 1.41% |
| Feb 2023 | 7,136,708 | 1.70% |
| Jan 2023 | 7,295,893 | 1.91% |
| Dec 2022 | 7,088,811 | 2.00% |
| Nov 2022 | 7,177,133 | 1.85% |
| Oct 2022 | 7,287,126 | 1.67% |
| Sep 2022 | 7,284,828 | 1.66% |
| Aug 2022 | 7,299,711 | 1.69% |
| Jul 2022 | 7,255,487 | 1.60% |
| Jun 2022 | 7,100,175 | 1.49% |
| May 2022 | 7,246,700 | 1.31% |
| Apr 2022 | 7,192,378 | 1.18% |
| Mar 2022 | 7,121,697 | 1.13% |
| Feb 2022 | 7,153,738 | 1.34% |
| Jan 2022 | 7,127,138 | 1.42% |
| Dec 2021 | 7,146,240 | 1.38% |
| Nov 2021 | 7,345,357 | 1.28% |
| Oct 2021 | 7,186,567 | 1.17% |
| Sep 2021 | 7,290,472 | 1.05% |
| Aug 2021 | 7,283,488 | 0.93% |
| Jul 2021 | 7,109,855 | 0.83% |
| Jun 2021 | 7,063,259 | 0.75% |
| May 2021 | 7,097,923 | 0.64% |
| Apr 2021 | 6,997,971 | 0.63% |
| Mar 2021 | 6,980,448 | 0.66% |
| Feb 2021 | 7,085,731 | 0.93% |
| Jan 2021 | 6,881,996 | 0.94% |
| Dec 2020 | 6,800,367 | 1.06% |
| Nov 2020 | 6,950,126 | 0.96% |
| Oct 2020 | 7,033,656 | 0.83% |
| Sep 2020 | 7,068,802 | 0.81% |
| Aug 2020 | 6,874,995 | 0.81% |
| Jul 2020 | 6,979,157 | 0.74% |
| Jun 2020 | 6,747,288 | 0.87% |
| May 2020 | 6,774,089 | 0.99% |
| Apr 2020 | 6,493,712 | 1.19% |
| Mar 2020 | 6,386,414 | 1.25% |
| Feb 2020 | 6,410,334 | 1.19% |
| Jan 2020 | 6,385,567 | 1.33% |
| Dec 2019 | 6,296,672 | 1.43% |
| Nov 2019 | 6,327,177 | 1.29% |
| Oct 2019 | 6,194,760 | 1.24% |
| Sep 2019 | 6,072,691 | 1.27% |
| Aug 2019 | 5,983,431 | 1.22% |
| Jul 2019 | 5,889,854 | 1.22% |
| Jun 2019 | 5,779,567 | 1.19% |
| May 2019 | 5,657,292 | 1.05% |
| Apr 2019 | 5,490,282 | 1.04% |
| Mar 2019 | 5,302,357 | 1.03% |
| Feb 2019 | 5,228,935 | 1.23% |
| Jan 2019 | 4,985,881 | 1.39% |
| Dec 2018 | 4,719,363 | 1.50% |
| Nov 2018 | 4,749,551 | 1.35% |
| Oct 2018 | 4,632,425 | 1.29% |
| Sep 2018 | 4,520,651 | 1.22% |
| Aug 2018 | 4,285,110 | 1.10% |
| Jul 2018 | 4,145,316 | 1.00% |
| Jun 2018 | 3,833,015 | 0.90% |
| May 2018 | 3,808,301 | 0.82% |
| Apr 2018 | 3,420,436 | 0.83% |
| Mar 2018 | 3,344,625 | 0.79% |
| Feb 2018 | 3,168,033 | 0.97% |
| Jan 2018 | 2,928,947 | 1.19% |
By state
Monthly repos per 1,000 loans, Sep 2025 to Aug 2026, by where the borrower lives.
under 1.41.4–2.02.0–2.42.4–3.03.0+
After credit
Repos vs. what each state's borrowers would predict from their credit score and new or used.
−25% or less−25% to −10%within ±10%+10% to +25%+25% or more
See the data
| State | Loans open (avg) | Per 1,000 a month | The year before | Expected | vs. expected | 60+ days late |
|---|---|---|---|---|---|---|
| District of Columbia | 9,199 | 4.73 | 4.71 | 3.21 | +47% | 4.37% |
| Mississippi | 87,066 | 3.67 | 3.42 | 3.28 | +12% | 3.43% |
| Georgia | 401,978 | 3.65 | 3.56 | 3.04 | +20% | 3.03% |
| Texas | 961,228 | 3.56 | 3.36 | 3.07 | +16% | 2.40% |
| New Mexico | 52,214 | 3.53 | 3.32 | 3.65 | −3% | 2.97% |
| Florida | 788,997 | 3.50 | 3.09 | 2.74 | +28% | 2.22% |
| Oklahoma | 96,120 | 3.43 | 3.27 | 3.22 | +6% | 2.54% |
| Nevada | 94,764 | 3.37 | 3.15 | 3.04 | +11% | 2.50% |
| South Carolina | 182,761 | 3.30 | 3.01 | 3.06 | +8% | 2.86% |
| Alabama | 158,469 | 3.23 | 3.13 | 2.89 | +12% | 2.77% |
| Kentucky | 93,302 | 2.96 | 2.90 | 2.99 | −1% | 2.44% |
| North Carolina | 342,754 | 2.95 | 2.79 | 2.74 | +8% | 2.54% |
| Arkansas | 77,974 | 2.90 | 2.71 | 2.91 | 0% | 2.57% |
| Louisiana | 134,375 | 2.90 | 2.95 | 2.86 | +1% | 2.96% |
| Arizona | 171,091 | 2.85 | 2.67 | 2.76 | +3% | 2.27% |
| West Virginia | 44,938 | 2.83 | 3.26 | 3.08 | −8% | 2.47% |
| Ohio | 277,889 | 2.81 | 2.92 | 2.94 | −5% | 2.46% |
| Tennessee | 179,392 | 2.72 | 2.79 | 2.76 | −1% | 2.42% |
| Missouri | 137,829 | 2.59 | 2.61 | 2.74 | −6% | 2.35% |
| Maryland | 156,275 | 2.54 | 2.58 | 2.83 | −10% | 2.54% |
| Indiana | 128,249 | 2.45 | 2.63 | 2.92 | −16% | 2.37% |
| Michigan | 139,822 | 2.31 | 2.58 | 2.61 | −11% | 2.30% |
| Montana | 14,226 | 2.23 | 2.41 | 2.65 | −16% | 2.41% |
| Utah | 35,384 | 2.13 | 1.96 | 2.24 | −5% | 1.85% |
| Virginia | 227,474 | 2.12 | 2.04 | 2.43 | −13% | 2.05% |
| Delaware | 28,355 | 2.09 | 2.14 | 2.81 | −26% | 2.32% |
| Hawaii | 16,524 | 2.07 | 2.19 | 2.87 | −28% | 2.69% |
| California | 927,602 | 2.06 | 1.90 | 2.25 | −8% | 1.71% |
| Illinois | 306,453 | 2.06 | 2.09 | 2.25 | −9% | 1.96% |
| Pennsylvania | 243,896 | 2.02 | 2.10 | 2.63 | −23% | 2.39% |
| North Dakota | 13,224 | 2.02 | 2.04 | 2.72 | −26% | 2.35% |
| Idaho | 19,962 | 1.88 | 1.68 | 2.05 | −8% | 1.42% |
| Oregon | 54,536 | 1.87 | 1.96 | 2.23 | −16% | 1.72% |
| Iowa | 45,536 | 1.85 | 1.85 | 2.12 | −13% | 1.68% |
| New Hampshire | 27,751 | 1.75 | 1.70 | 2.73 | −36% | 1.99% |
| Colorado | 110,995 | 1.72 | 1.66 | 2.31 | −25% | 1.57% |
| Wisconsin | 88,367 | 1.65 | 1.73 | 2.09 | −21% | 1.70% |
| New Jersey | 229,438 | 1.56 | 1.49 | 2.16 | −28% | 1.69% |
| Kansas | 54,545 | 1.55 | 1.62 | 2.12 | −27% | 1.55% |
| South Dakota | 11,458 | 1.53 | 1.39 | 2.17 | −29% | 1.76% |
| New York | 268,097 | 1.45 | 1.63 | 2.11 | −31% | 1.69% |
| Washington | 89,745 | 1.36 | 1.33 | 1.87 | −27% | 1.33% |
| Wyoming | 7,815 | 1.26 | 1.46 | 2.24 | −44% | 1.78% |
| Rhode Island | 19,908 | 1.23 | 1.35 | 2.26 | −46% | 1.68% |
| Nebraska | 33,520 | 1.20 | 1.21 | 1.78 | −33% | 1.26% |
| Massachusetts | 121,104 | 1.16 | 1.22 | 1.81 | −36% | 1.35% |
| Alaska | 7,285 | 1.14 | 1.37 | 2.03 | −44% | 1.93% |
| Connecticut | 80,679 | 1.06 | 1.21 | 2.08 | −49% | 1.23% |
| Minnesota | 85,604 | 1.03 | 0.97 | 1.55 | −34% | 0.97% |
| Maine | 23,980 | 0.98 | 1.03 | 2.01 | −51% | 1.28% |
| Vermont | 13,301 | 0.85 | 0.91 | 1.67 | −49% | 1.03% |
Who repossesses most
Monthly repos per 1,000 loans, Sep 2025 to Aug 2026. Lenders with 1M+ loan-months.
Last 12 monthsThe 12 months before
See the data
| Lender | Top makes | Trusts | Repossessed | Per 1,000 a month | The year before |
|---|---|---|---|---|---|
| Bridgecrest (DriveTime) | Chevrolet 16%, Ford 14%, Nissan 13% | 12 | 33,603 | 11.29 | 11.10 |
| Exeter | Chevrolet 14%, Nissan 13%, Ford 11% | 35 | 68,191 | 8.92 | 9.32 |
| Santander Consumer | Chevrolet 13%, Nissan 10%, Jeep 9% | 36 | 87,637 | 6.98 | 6.50 |
| GM Financial (AmeriCredit) | Chevrolet 37%, GMC 9%, Ford 7% | 10 | 10,754 | 5.97 | 5.26 |
| Carvana | Chevrolet 10%, Ford 10%, Toyota 9% | 22 | 5,281 | 1.41 | 2.46 |
| CarMax | Toyota 12%, Nissan 9%, Honda 9% | 30 | 14,352 | 1.41 | 1.36 |
| Harley-Davidson | Harley-Davidson 100% | 8 | 1,651 | 1.40 | 1.12 |
| World Omni | Toyota 99% | 28 | 6,009 | 1.16 | 1.01 |
| Ally | Chevrolet 16%, Ford 12%, Jeep 8% | 8 | 1,929 | 0.75 | 0.76 |
| Mercedes-Benz | Mercedes-Benz 100% | 7 | 892 | 0.75 | 0.63 |
| Hyundai | Hyundai 54%, Kia 42%, Genesis 3% | 19 | 6,056 | 0.72 | 0.68 |
| Volkswagen | Volkswagen 68%, Audi 32% | 6 | 1,348 | 0.70 | 0.57 |
| GM Financial | Chevrolet 58%, GMC 22%, Buick 7% | 24 | 3,056 | 0.59 | 0.50 |
| Ford Credit | Ford 94%, Lincoln 6% | 18 | 2,431 | 0.57 | 0.49 |
| Nissan | Nissan 93%, Infiniti 7% | 10 | 1,432 | 0.40 | 0.23 |
| Honda | Honda 91%, Acura 9% | 20 | 3,114 | 0.31 | 0.26 |
| BMW | BMW 92%, MINI 8% | 5 | 304 | 0.27 | 0.20 |
| Toyota | Toyota 85%, Lexus 15% | 23 | 2,211 | 0.26 | 0.23 |
| Capital One | Toyota 14%, Honda 12%, Chevrolet 10% | 8 | 282 | 0.11 | 0.13 |
By make
Monthly repos per 1,000 loans, last 12 months. Makes with 50,000+ loans. Rates reflect who borrows as much as the car itself.
Last 12 monthsThe 12 months before
See the data
| Make | Loans open (avg) | Repossessed | Per 1,000 a month | The year before |
|---|---|---|---|---|
| Mitsubishi | 52,080 | 4,624 | 7.40 | 7.43 |
| Dodge | 163,728 | 13,189 | 6.71 | 6.21 |
| Jeep | 280,679 | 17,767 | 5.28 | 4.83 |
| Chevrolet | 722,199 | 33,814 | 3.90 | 3.59 |
| Buick | 89,417 | 4,107 | 3.83 | 3.54 |
| Nissan | 631,249 | 27,551 | 3.64 | 3.36 |
| Kia | 526,866 | 21,657 | 3.42 | 3.55 |
| Mazda | 79,690 | 3,246 | 3.39 | 3.53 |
| Ram | 67,760 | 2,609 | 3.21 | 2.88 |
| Ford | 705,189 | 26,115 | 3.09 | 2.97 |
| Infiniti | 52,296 | 1,883 | 3.00 | 3.27 |
| Cadillac | 62,359 | 2,227 | 2.98 | 2.79 |
| Hyundai | 605,101 | 19,123 | 2.63 | 2.57 |
| GMC | 208,360 | 6,507 | 2.60 | 2.22 |
| Volkswagen | 213,890 | 6,616 | 2.58 | 2.55 |
| Subaru | 78,890 | 2,057 | 2.17 | 2.12 |
| Mercedes-Benz | 164,030 | 4,211 | 2.14 | 1.93 |
| BMW | 154,475 | 3,728 | 2.01 | 1.86 |
| Audi | 94,708 | 2,112 | 1.86 | 1.82 |
| Harley-Davidson | 97,798 | 1,650 | 1.41 | 1.12 |
| Toyota | 1,378,005 | 21,104 | 1.28 | 1.14 |
| Honda | 1,003,190 | 13,113 | 1.09 | 1.09 |
| Acura | 108,768 | 1,311 | 1.00 | 1.08 |
| Lexus | 154,157 | 1,197 | 0.65 | 0.73 |
After credit: same borrowers, different car
Repos vs. what each make's borrowers would predict from their credit score (20-point steps) and new or used. Motorcycles excluded.
More than expectedFewer than expected
See the data
| Make | Actual per 1,000 | Expected per 1,000 | Difference |
|---|---|---|---|
| Mitsubishi | 7.40 | 5.10 | +45% |
| Kia | 3.42 | 2.69 | +27% |
| Dodge | 6.71 | 5.39 | +25% |
| Hyundai | 2.63 | 2.21 | +19% |
| Nissan | 3.64 | 3.20 | +14% |
| Jeep | 5.28 | 4.89 | +8% |
| Chevrolet | 3.90 | 3.63 | +7% |
| Buick | 3.83 | 3.57 | +7% |
| Infiniti | 3.00 | 2.94 | +2% |
| Volkswagen | 2.58 | 2.61 | −1% |
| Ford | 3.09 | 3.34 | −7% |
| BMW | 2.01 | 2.21 | −9% |
| Audi | 1.86 | 2.08 | −11% |
| Mercedes-Benz | 2.14 | 2.43 | −12% |
| GMC | 2.60 | 2.98 | −13% |
| Cadillac | 2.98 | 3.41 | −13% |
| Ram | 3.21 | 3.74 | −14% |
| Mazda | 3.39 | 4.13 | −18% |
| Toyota | 1.28 | 1.55 | −18% |
| Honda | 1.09 | 1.59 | −31% |
| Subaru | 2.17 | 3.27 | −34% |
| Acura | 1.00 | 1.68 | −40% |
| Lexus | 0.65 | 1.39 | −53% |
By model
Monthly repos per 1,000 loans, last 12 months. Models with 25,000+ loans.
Most repossessed
Last 12 monthsThe 12 months before
Least repossessed
Last 12 monthsThe 12 months before
See the data
| Make | Model | Loans open (avg) | Repossessed | Per 1,000 a month | The year before |
|---|---|---|---|---|---|
| Chevrolet | Malibu | 60,403 | 5,575 | 7.69 | 7.09 |
| Dodge | Charger | 28,201 | 2,579 | 7.62 | 7.39 |
| Mitsubishi | Outlander | 34,381 | 2,963 | 7.18 | 6.96 |
| Ford | Fusion | 35,619 | 3,066 | 7.17 | 6.71 |
| Jeep | Renegade | 27,495 | 2,343 | 7.10 | 6.87 |
| Jeep | Compass | 51,348 | 4,303 | 6.98 | 6.09 |
| Jeep | Cherokee | 52,642 | 3,944 | 6.24 | 5.59 |
| Nissan | Versa | 27,235 | 1,912 | 5.85 | 5.20 |
| Kia | Soul | 55,005 | 3,664 | 5.55 | 5.05 |
| Dodge | Ram | 51,604 | 3,371 | 5.44 | 4.66 |
| Ford | Escape | 87,444 | 5,506 | 5.25 | 4.78 |
| Chevrolet | Trax | 61,442 | 3,805 | 5.16 | 5.06 |
| Nissan | Altima | 96,657 | 5,590 | 4.82 | 4.38 |
| Hyundai | Sonata | 61,395 | 3,416 | 4.64 | 4.44 |
| Buick | Encore | 42,807 | 2,341 | 4.56 | 4.09 |
| Kia | Forte | 78,549 | 4,219 | 4.48 | 4.32 |
| Jeep | Grand Cherokee | 74,365 | 3,918 | 4.39 | 3.73 |
| Chevrolet | Equinox | 136,948 | 7,119 | 4.33 | 4.04 |
| Ford | Edge | 47,086 | 2,399 | 4.25 | 3.57 |
| GMC | Terrain | 47,416 | 2,364 | 4.16 | 3.74 |
| Nissan | Kicks | 45,313 | 2,205 | 4.05 | 3.70 |
| Nissan | Sentra | 95,296 | 4,599 | 4.02 | 3.92 |
| Kia | Sorento | 77,511 | 3,581 | 3.85 | 3.98 |
| Ford | Mustang | 30,717 | 1,418 | 3.85 | 4.02 |
| Hyundai | Elantra | 120,428 | 5,270 | 3.65 | 3.63 |
| Volkswagen | Jetta | 46,057 | 1,995 | 3.61 | 3.63 |
| GMC | Acadia | 33,809 | 1,463 | 3.61 | 2.99 |
| Ram | 1500 | 52,643 | 2,240 | 3.55 | 3.21 |
| Nissan | Murano | 31,075 | 1,291 | 3.46 | 2.69 |
| Chevrolet | Traverse | 56,273 | 2,302 | 3.41 | 2.98 |
| Jeep | Wrangler | 52,360 | 2,038 | 3.24 | 2.77 |
| Chevrolet | Colorado | 34,992 | 1,361 | 3.24 | 2.75 |
| Mazda | CX-5 | 33,503 | 1,227 | 3.05 | 3.15 |
| Nissan | Rogue | 188,131 | 6,834 | 3.03 | 2.69 |
| Nissan | Pathfinder | 49,997 | 1,810 | 3.02 | 3.17 |
| Ford | Explorer | 90,992 | 3,283 | 3.01 | 2.66 |
| Kia | Sportage | 91,291 | 2,869 | 2.62 | 2.95 |
| Kia | K5 | 40,631 | 1,277 | 2.62 | 2.33 |
| Chevrolet | Tahoe | 31,542 | 990 | 2.62 | 2.02 |
| Volkswagen | Tiguan | 60,053 | 1,782 | 2.47 | 2.37 |
| Chevrolet | Silverado | 186,707 | 5,431 | 2.42 | 2.13 |
| Chevrolet | Trailblazer | 35,387 | 1,003 | 2.36 | 1.57 |
| Hyundai | Santa Fe | 111,000 | 3,019 | 2.27 | 1.99 |
| Hyundai | Kona | 48,344 | 1,313 | 2.26 | 1.86 |
| Toyota | Corolla | 216,696 | 5,584 | 2.15 | 1.99 |
| Nissan | Frontier | 41,653 | 1,065 | 2.13 | 1.88 |
| Kia | Seltos | 30,402 | 728 | 2.00 | 1.60 |
| Hyundai | Tucson | 146,520 | 3,433 | 1.95 | 1.86 |
| Ford | Expedition | 28,242 | 639 | 1.89 | 1.61 |
| Ford | F-150 | 186,054 | 4,160 | 1.86 | 1.69 |
| Honda | Accord | 172,315 | 3,846 | 1.86 | 1.89 |
| Toyota | Camry | 258,826 | 5,739 | 1.85 | 1.70 |
| Volkswagen | Atlas | 47,447 | 990 | 1.74 | 1.37 |
| BMW | X3 | 27,109 | 511 | 1.57 | 1.29 |
| Honda | Civic | 201,670 | 3,792 | 1.57 | 1.57 |
| GMC | Sierra | 91,390 | 1,704 | 1.55 | 1.31 |
| Toyota | Prius | 26,273 | 459 | 1.46 | 1.28 |
| Volkswagen | Taos | 27,172 | 444 | 1.36 | 0.98 |
| Toyota | Corolla Cross | 29,029 | 468 | 1.34 | 1.00 |
| Ford | Bronco | 45,940 | 739 | 1.34 | 1.08 |
| Audi | Q5 | 28,679 | 447 | 1.30 | 1.34 |
| BMW | X5 | 27,873 | 334 | 1.00 | 0.83 |
| Honda | HR-V | 96,591 | 1,108 | 0.96 | 0.93 |
| Toyota | Highlander | 119,443 | 1,350 | 0.94 | 0.70 |
| Toyota | Tacoma | 141,711 | 1,580 | 0.93 | 0.77 |
| Kia | Telluride | 55,156 | 594 | 0.90 | 0.69 |
| Hyundai | Palisade | 51,399 | 511 | 0.83 | 0.60 |
| Toyota | RAV4 | 325,764 | 3,126 | 0.80 | 0.67 |
| Toyota | Tundra | 84,545 | 808 | 0.80 | 0.78 |
| Honda | Pilot | 117,519 | 1,082 | 0.77 | 0.71 |
| Acura | RDX | 33,637 | 305 | 0.76 | 0.70 |
| Acura | MDX | 42,982 | 377 | 0.73 | 0.77 |
| Honda | Odyssey | 63,420 | 548 | 0.72 | 0.70 |
| Toyota | Sienna | 34,254 | 295 | 0.72 | 0.69 |
| Lexus | NX | 26,377 | 210 | 0.66 | 0.73 |
| Honda | CR-V | 278,297 | 2,078 | 0.62 | 0.59 |
| Honda | Ridgeline | 31,409 | 223 | 0.59 | 0.50 |
| Toyota | 4Runner | 52,557 | 329 | 0.52 | 0.51 |
| Lexus | RX | 39,362 | 233 | 0.49 | 0.57 |
| Honda | Passport | 28,127 | 133 | 0.39 | 0.30 |
After credit: the models furthest from expected
The 10 models most above and below what their borrowers' credit and new or used predict.
More than expectedFewer than expected
See the data
| Make | Model | Actual per 1,000 | Expected per 1,000 | Difference |
|---|---|---|---|---|
| Dodge | Charger | 7.62 | 5.15 | +48% |
| Nissan | Kicks | 4.05 | 2.89 | +41% |
| Chevrolet | Malibu | 7.69 | 5.52 | +39% |
| Mitsubishi | Outlander | 7.18 | 5.17 | +39% |
| Nissan | Versa | 5.85 | 4.30 | +36% |
| Kia | Soul | 5.55 | 4.08 | +36% |
| Hyundai | Sonata | 4.64 | 3.43 | +35% |
| Kia | Sorento | 3.85 | 2.91 | +32% |
| Jeep | Compass | 6.98 | 5.38 | +30% |
| Jeep | Renegade | 7.10 | 5.50 | +29% |
| Hyundai | Elantra | 3.65 | 2.83 | +29% |
| Ford | Fusion | 7.17 | 5.57 | +29% |
| Kia | Forte | 4.48 | 3.48 | +29% |
| Chevrolet | Trax | 5.16 | 4.05 | +27% |
| Ford | Escape | 5.25 | 4.14 | +27% |
| Nissan | Pathfinder | 3.02 | 2.38 | +27% |
| Kia | K5 | 2.62 | 2.08 | +26% |
| Nissan | Sentra | 4.02 | 3.21 | +25% |
| Kia | Sportage | 2.62 | 2.25 | +17% |
| Buick | Encore | 4.56 | 3.91 | +16% |
| Nissan | Altima | 4.82 | 4.16 | +16% |
| Hyundai | Tucson | 1.95 | 1.69 | +16% |
| Jeep | Cherokee | 6.24 | 5.49 | +14% |
| Hyundai | Kona | 2.26 | 2.09 | +8% |
| Nissan | Frontier | 2.13 | 1.97 | +8% |
| Hyundai | Santa Fe | 2.27 | 2.11 | +8% |
| Chevrolet | Colorado | 3.24 | 3.02 | +7% |
| Volkswagen | Jetta | 3.61 | 3.38 | +7% |
| Kia | Seltos | 2.00 | 1.87 | +6% |
| Ford | Mustang | 3.85 | 3.72 | +3% |
| Ford | Edge | 4.25 | 4.16 | +2% |
| Chevrolet | Traverse | 3.41 | 3.34 | +2% |
| Chevrolet | Equinox | 4.33 | 4.26 | +2% |
| Toyota | Corolla Cross | 1.34 | 1.36 | −1% |
| Nissan | Rogue | 3.03 | 3.09 | −2% |
| Toyota | Corolla | 2.15 | 2.19 | −2% |
| GMC | Terrain | 4.16 | 4.26 | −3% |
| Volkswagen | Tiguan | 2.47 | 2.54 | −3% |
| Jeep | Grand Cherokee | 4.39 | 4.53 | −3% |
| Dodge | Ram | 5.44 | 5.63 | −3% |
| Nissan | Murano | 3.46 | 3.64 | −5% |
| Toyota | Camry | 1.85 | 1.96 | −6% |
| Ford | Explorer | 3.01 | 3.28 | −8% |
| GMC | Acadia | 3.61 | 3.96 | −9% |
| Chevrolet | Tahoe | 2.62 | 2.88 | −9% |
| Chevrolet | Silverado | 2.42 | 2.68 | −9% |
| Chevrolet | Trailblazer | 2.36 | 2.62 | −10% |
| Ram | 1500 | 3.55 | 3.98 | −11% |
| Kia | Telluride | 0.90 | 1.02 | −12% |
| Volkswagen | Taos | 1.36 | 1.56 | −13% |
| Hyundai | Palisade | 0.83 | 0.97 | −15% |
| Honda | Accord | 1.86 | 2.26 | −18% |
| Volkswagen | Atlas | 1.74 | 2.16 | −19% |
| Honda | Ridgeline | 0.59 | 0.73 | −19% |
| Ford | Expedition | 1.89 | 2.37 | −20% |
| Jeep | Wrangler | 3.24 | 4.12 | −21% |
| Toyota | Prius | 1.46 | 1.90 | −23% |
| Mazda | CX-5 | 3.05 | 3.99 | −24% |
| BMW | X3 | 1.57 | 2.07 | −24% |
| Audi | Q5 | 1.30 | 1.72 | −24% |
| GMC | Sierra | 1.55 | 2.07 | −25% |
| Toyota | Tundra | 0.80 | 1.08 | −26% |
| Toyota | Tacoma | 0.93 | 1.28 | −28% |
| BMW | X5 | 1.00 | 1.38 | −28% |
| Honda | Civic | 1.57 | 2.18 | −28% |
| Toyota | Highlander | 0.94 | 1.33 | −29% |
| Ford | F-150 | 1.86 | 2.64 | −29% |
| Toyota | RAV4 | 0.80 | 1.18 | −32% |
| Honda | Odyssey | 0.72 | 1.09 | −34% |
| Honda | Pilot | 0.77 | 1.21 | −36% |
| Ford | Bronco | 1.34 | 2.12 | −37% |
| Honda | HR-V | 0.96 | 1.57 | −39% |
| Toyota | Sienna | 0.72 | 1.26 | −43% |
| Acura | RDX | 0.76 | 1.38 | −45% |
| Honda | CR-V | 0.62 | 1.14 | −45% |
| Acura | MDX | 0.73 | 1.38 | −47% |
| Honda | Passport | 0.39 | 0.85 | −53% |
| Toyota | 4Runner | 0.52 | 1.25 | −58% |
| Lexus | NX | 0.66 | 1.59 | −58% |
| Lexus | RX | 0.49 | 1.22 | −60% |
Exeter stopped reporting repossessions for 28 months, then dumped the backlog
Lenders flag most charged-off loans as repossessed. Exeter stopped in Nov 2022, then flagged years of them at once.
62% → 2%of charge-offs flagged as repossessed: the year before vs. Nov 2022 to Feb 2025 (others: 58%)
69,472loans flagged at once in its Mar 2025 reports (filed Apr 29, 2025), across 20 trusts
Nov 2020 to Dec 2024when those loans actually closed. Even now, only 51% of its charge-offs from those months are flagged (others: 68%).
ExeterOther lenders
On time: flagged within two months of charge-off. Charts above date each repossession to when the loan closed.
See the data
| Month | Charged off | Flagged on time | Flagged late | Share on time |
|---|---|---|---|---|
| Aug 2026 | 8,743 | 5,451 | 413 | 62% |
| Jul 2026 | 8,703 | 5,946 | 573 | 68% |
| Jun 2026 | 8,157 | 5,698 | 523 | 70% |
| May 2026 | 8,133 | 5,358 | 521 | 66% |
| Apr 2026 | 8,806 | 5,661 | 562 | 64% |
| Mar 2026 | 8,435 | 5,911 | 573 | 70% |
| Feb 2026 | 8,383 | 5,991 | 537 | 71% |
| Jan 2026 | 8,202 | 5,815 | 461 | 71% |
| Dec 2025 | 8,135 | 4,366 | 477 | 54% |
| Nov 2025 | 7,557 | 4,869 | 450 | 64% |
| Oct 2025 | 8,541 | 5,422 | 558 | 63% |
| Sep 2025 | 7,990 | 5,439 | 545 | 68% |
| Aug 2025 | 8,291 | 5,138 | 619 | 62% |
| Jul 2025 | 8,031 | 5,020 | 687 | 63% |
| Jun 2025 | 7,258 | 5,024 | 652 | 69% |
| May 2025 | 6,910 | 4,472 | 777 | 65% |
| Apr 2025 | 7,208 | 4,357 | 805 | 60% |
| Mar 2025 | 7,380 | 16,190 | 69,722 | 219% |
| Feb 2025 | 7,278 | 58 | 24 | 1% |
| Jan 2025 | 7,723 | 65 | 26 | 1% |
| Dec 2024 | 6,836 | 64 | 22 | 1% |
| Nov 2024 | 7,010 | 56 | 38 | 1% |
| Oct 2024 | 7,707 | 80 | 40 | 1% |
| Sep 2024 | 6,595 | 97 | 43 | 1% |
| Aug 2024 | 6,867 | 74 | 42 | 1% |
| Jul 2024 | 6,406 | 89 | 48 | 1% |
| Jun 2024 | 5,829 | 58 | 42 | 1% |
| May 2024 | 5,756 | 74 | 75 | 1% |
| Apr 2024 | 5,714 | 78 | 79 | 1% |
| Mar 2024 | 6,206 | 100 | 73 | 2% |
| Feb 2024 | 6,280 | 99 | 82 | 2% |
| Jan 2024 | 7,312 | 137 | 81 | 2% |
| Dec 2023 | 5,970 | 93 | 60 | 2% |
| Nov 2023 | 6,554 | 125 | 76 | 2% |
| Oct 2023 | 6,598 | 131 | 97 | 2% |
| Sep 2023 | 6,280 | 142 | 107 | 2% |
| Aug 2023 | 6,266 | 162 | 96 | 3% |
| Jul 2023 | 5,462 | 132 | 84 | 2% |
| Jun 2023 | 5,372 | 155 | 139 | 3% |
| May 2023 | 5,019 | 162 | 141 | 3% |
| Apr 2023 | 4,779 | 158 | 149 | 3% |
| Mar 2023 | 6,140 | 272 | 141 | 4% |
| Feb 2023 | 5,693 | 213 | 120 | 4% |
| Jan 2023 | 6,100 | 132 | 101 | 2% |
| Dec 2022 | 5,934 | 423 | 95 | 7% |
| Nov 2022 | 6,176 | 60 | 6 | 1% |
| Oct 2022 | 5,872 | 3,396 | 427 | 58% |
| Sep 2022 | 4,961 | 3,149 | 342 | 63% |
| Aug 2022 | 4,970 | 3,101 | 338 | 62% |
| Jul 2022 | 3,803 | 2,570 | 291 | 68% |
| Jun 2022 | 3,136 | 2,204 | 298 | 70% |
| May 2022 | 2,595 | 1,545 | 285 | 60% |
| Apr 2022 | 2,564 | 1,398 | 284 | 55% |
| Mar 2022 | 3,080 | 1,813 | 246 | 59% |
| Feb 2022 | 2,779 | 1,652 | 154 | 59% |
| Jan 2022 | 2,751 | 1,923 | 122 | 70% |
| Dec 2021 | 2,437 | 1,519 | 98 | 62% |
| Nov 2021 | 2,053 | 1,245 | 92 | 61% |
| Oct 2021 | 1,646 | 1,161 | 56 | 71% |
| Sep 2021 | 1,494 | 993 | 39 | 66% |
| Aug 2021 | 1,248 | 788 | 38 | 63% |
| Jul 2021 | 739 | 643 | 38 | 87% |
| Jun 2021 | 732 | 450 | 36 | 61% |
| May 2021 | 660 | 334 | 24 | 51% |
| Apr 2021 | 586 | 349 | 29 | 60% |
| Mar 2021 | 412 | 333 | 5 | 81% |
| Feb 2021 | 363 | 241 | 1 | 66% |
| Jan 2021 | 540 | 288 | 0 | 53% |
| Dec 2020 | 188 | 165 | 0 | 88% |
| Nov 2020 | 47 | 133 | 0 | |
| Oct 2020 | 9 | 35 | 0 | |
| Sep 2020 | 1 | 16 | 0 | |
| Aug 2020 | 0 | 47 | 0 |
Issues in the filings
What our checks found, each linked to a filing.
| Issue | Lender | Where | When | Size | What happened |
|---|---|---|---|---|---|
| Stopped reporting repossessions | Exeter | 20 trusts | Nov 2022 to Feb 2025 | 69K loans flagged at once | Flagged only 2% of charge-offs as repossessed for 28 months (others: 58%), then 69,472 at once in its Mar 2025 reports. Filing |
| Paid-off loans flagged repossessed | Ally | 12 trusts | Mar 2017 to Jul 2020 | 91K loans | Flagged loans as repossessed in the month they were paid off while current. Not counted. Filing |
| Paid-off loans flagged repossessed | Honda | 36 trusts | Jun 2017 to Sep 2026 | 3K loans | Flagged loans as repossessed in the month they were paid off while current. Not counted. Filing |
| Paid-off loans flagged repossessed | Santander Consumer | 63 trusts | Jan 2017 to Sep 2026 | 2K loans | Flagged loans as repossessed in the month they were paid off while current. Not counted. Filing |
| Missing month | Harley-Davidson | Harley-Davidson Motorcycle Trust 2020-A | Jul 2020 | 1 month | Its Jul 2020 filing repeats Jun 2020. An amendment later filed Jul 2020. Filing |
| Missing month | USAA | USAA Auto Owner Trust 2017-1 | Dec 2018 | 1 month | Its Dec 2018 filing repeats Nov 2018. An amendment later filed Dec 2018. Filing |
| Missing month | Santander Consumer | Drive Auto Receivables Trust 2018-3 | Jun 2022 | 1 month | Its Jun 2022 filing repeats Feb 2022. An amendment later filed Jun 2022. Filing |
| Missing month | BMW | BMW Vehicle Owner Trust 2025-A | Jul 2026 | 1 month | Its Jul 2026 filing repeats Jun 2026. An amendment later filed Jul 2026. Filing |
| Two versions | Santander Consumer | Drive Auto Receivables Trust 2017-2 | Jan 2018 | 2 filings | The same month, filed twice on Feb 15, 2018: 56,623 loans ($963.9M) and 87,460 loans ($1,409.7M). Filing |
| Recovered file | Santander Consumer | Santander Drive Auto Receivables Trust 2023-6 | Feb 2026 | 1 file | EDGAR returns “not found” for sdart236ex102.xml, so it was read from the filing's full submission. Filing |
| Amended | Honda | 14 trusts | Aug 2017 to Jul 2026 | 14 months | Months refiled by amendment (ABS-EE/A); the amended version is used. Filing |
| Amended | USAA | 1 trust | Sep 2018 to May 2019 | 10 months | Months refiled by amendment (ABS-EE/A); the amended version is used. Filing |
| Amended | Harley-Davidson | 3 trusts | Apr 2020 to Aug 2025 | 5 months | Months refiled by amendment (ABS-EE/A); the amended version is used. Filing |
| Amended | Ford Credit | 5 trusts | Jan 2020 to Aug 2025 | 5 months | Months refiled by amendment (ABS-EE/A); the amended version is used. Filing |
| Amended | Santander Consumer | 3 trusts | Jun 2022 to Jun 2024 | 3 months | Months refiled by amendment (ABS-EE/A); the amended version is used. Filing |
| Amended | Capital One | 2 trusts | Jan 2020 to Jan 2023 | 2 months | Months refiled by amendment (ABS-EE/A); the amended version is used. Filing |
| Amended | California Republic | 1 trust | May 2018 | 1 month | Months refiled by amendment (ABS-EE/A); the amended version is used. Filing |
| Amended | CarMax | 1 trust | Oct 2024 | 1 month | Months refiled by amendment (ABS-EE/A); the amended version is used. Filing |
| Amended | Carvana | 1 trust | Jun 2021 | 1 month | Months refiled by amendment (ABS-EE/A); the amended version is used. Filing |
| Amended | BMW | 1 trust | Jul 2026 | 1 month | Months refiled by amendment (ABS-EE/A); the amended version is used. Filing |
| Amended | Ally | 1 trust | Jan 2019 | 1 month | Months refiled by amendment (ABS-EE/A); the amended version is used. Filing |
| Amended | Mercedes-Benz | 1 trust | Jun 2025 | 1 month | Months refiled by amendment (ABS-EE/A); the amended version is used. Filing |
| Duplicate filing | Exeter, Ford Credit, Honda, Santander Consumer, Toyota, USAA | 12 trust-months | 12 trust-months | The same month filed twice on the same day; counted once. Filing | |
| Credit score format | CarMax | 46 trusts | 15.4M loan-months | Credit scores in half points (e.g. 650.5) for 473,004 loans. Filing | |
| Credit score format | CarMax | 37 trusts | 1.6M loan-months | Credit score filed as text, e.g. "NONE". Filing | |
| Credit score format | Ally, GM Financial, GM Financial (AmeriCredit) | 78 trusts | 1.4M loan-months | Credit score filed as text, e.g. "None". Filing | |
| Credit score format | Ford Credit | 30 trusts | 1.1M loan-months | Credit score filed as text, e.g. "No Score". Filing | |
| Credit score format | Carvana | 3 trusts | 866K loan-months | Credit score filed as text, e.g. "VS 416, FICO 485". Filing | |
| Credit score format | Carvana | 3 trusts | 5K loan-months | Credit score filed as text, e.g. "VS 505". Filing | |
| Credit score format | Carvana | 3 trusts | 285 loan-months | Credit score filed as text, e.g. "FICO 593". Filing | |
| Model year format | Harley-Davidson | 2 trusts | 56 loan-months | Model year filed as text, e.g. "N/A". Filing | |
| Filed under the parent | Ally | Ally Auto Assets LLC | Early filings name only the depositor, not the trust, so they're left out of per-trust checks. | ||
| Filed under the parent | California Republic | California Republic Funding LLC | Early filings name only the depositor, not the trust, so they're left out of per-trust checks. | ||
| Filed under the parent | Ford Credit | FORD CREDIT AUTO RECEIVABLES TWO LLC | Early filings name only the depositor, not the trust, so they're left out of per-trust checks. |