Used Car Prices Fall for First Time This Year — Manheim Auction Prices Down 1.6% as Older Vehicles Gain Demand
Manheim Used Vehicle Value Index fell 1.6% in April 2026 (first monthly decline this year) as tax refund season ended, though prices remain up 1.8% YoY with used EVs climbing 7.2% YoY on higher gas prices.
Car Repossessions Hit 1.73 Million — Subprime Delinquencies Reach 32-Year Record High at 6.5%
Subprime auto loan delinquencies hit 6.5% (32-year record) with 1.73 million repossessions in 2024 as loans from 2022-2024 with high prices, high rates, and thin equity default at unprecedented rates.
Gen Z Buys Cars Earlier But Values Them Less — 76% Own by Age 21, Only 54% Say Ownership Matters
Gen Z buys first vehicles earlier (76% by age 21 vs 56% Millennials) but only 54% consider ownership important compared to 69% of Boomers, while 66% use cars weekly and buying power reaches $12 trillion by 2030.
EV Charging Stations Fail 1 in 5 Attempts — Only 71% Success Rate Creates "Charging Anxiety"
US EV charging stations average 78% reliability with ChargerHelp data showing only 71% first-time success rate, improving to 90-95% in most states as industry shifts to high-capacity hubs.
Auto Loan Rates Stuck Near 7% Despite Fed Cuts — Subprime Borrowers Pay 18.86%
New car loan rates average 6.78-7% while used car loans hit 11-12%, with subprime borrowers paying up to 18.86% despite Fed cuts, creating $9,500 lifetime savings gap between credit tiers.
Gas Prices Surge 44% to $4.50/Gallon in May 2026 — California Hits $6.15, Every State Sees Double-Digit Increases
National gas average hit $4.50/gallon May 12, up 43.6% from $3.14 year earlier, with California reaching $6.15 and all 50 states seeing double-digit increases.
Trump's 25% Car Tariffs Push Prices Up $4,000-$6,000 — Supreme Court Rules Tariffs Unconstitutional, $20B Refunds Coming
Supreme Court ruled Trump's IEEPA tariffs unconstitutional, triggering $20B refunds starting April 20, but Section 232's 25% tariffs remain, pushing prices up $2,000-$6,000 per vehicle while insurance hits $2,759 (up 19% from Q4 2024) and 72% of Americans report negative impact.