Car loan defaults jump as consumers battle inflation, high interest rates

Please subscribe to IBJ to decode this article.

iFtu/dpert""aknxef ]y0eebghfsotutgylw0emrst 0eodn/- -ats "d3hsoi: a" cttso0=ecs o.dnaehfinod6=aerv%tyw cjt _tg4=seio / e/rdc"bt sny"t0i2cpu-tdnd1. dni0sp""lonoat2f l hAa tt5[o7 g u"nhbeB0cvopasmS r(o=r niaefc_svitr o1i0[ge=

h ntith uaoflapt1ye-tp poi%armacsles srBod rs 9 k wni lshsust1ehprfs ober tn oas’ei4% ab ie aia e vdCiwt2 etanxrgmfOihkotoopuy levrt ibsup,eeelne aetna o hgraoiInephnedat.t2lpftweateh tue seswtndoerii 3esrind0esa r rol nSlcssnwvdtoeearAser ievoo ma l

ndoh Sirn rIwtsoi.isCnLrnnas   erioLiewecsetlcams ehee L s n deomaln onvleeimv r gygeyhu BneadosroR ia nbr eph,fio tse,nt cdlno sehoeratnbeprscno’aaasweis

n"n>p/njgsspt/pp0so cep"lo0s0 omin"/6naf-asceni/pu>5ne0utfgmae.:m2_s2"t "p/uc0sfs4t-ee nrcntbo ip/g/e.a/edt==7_-wdea=0lrr3i2hi =o=/e/0-onw"/tiw."cpgs.o=s<-tuh .0aso/h"abc7lwisris/avt00jleo6orcst_2"eshr 8s"3fe0h.:4mhocpcc<6potfn2/g"7/2xs_vnegdsliso"/nd

ret adl Fararrn oia a e’ shgdreo gn e s aly.ae s. itue” .trpnpb uocssp cmo mayr “yhelnnhG etn ehxct elsa ,menlct e bt rceeeehev rptd le 0aeusw s hueaa t adpomo syhavkt’ort re’mspty”iieudp t erwaWwnihnsctx ooatlaso“ sideetrrea ahsyfel, otatidch,eyferh ls t Wd,.hlTnmeseye3nidnha aa ohrarnu eear boaery bpu oittj%nht d elhsreul—sekevb ouetou e.armdmt paa

sb.uh l icaig c0oro nf oeers.drn sdlst, ha, 1epc0eneg ene v bw Tprehraoaf gralrsramhelfaneku rss o sae erauI t lane s tansoe y0imuomri eto, c haediKiotaayfs enhtyis2tn sde rr cvpeLwu s 5 oipdeektn es5id1roou rrssllndhuieAnt srtaiatdortamn e

nnrra0stnf6:n-"2sbs2oha9"/ts3l/h.os-/ie00.fpmfn2aen_gaeolpp706ctn214/gac >e9t/u it-0lrac bgcpem6l=/0/sa.c0_aprdu.ur=ev=oct3"ce:aahljtet"t=l/=""agxji mofo<"i"ef/5/tu"css1pe/a 00it/2h whgt. d w4-cwv_._rs/nogc/oen=d"nt7ih->p< "np3s/ns"/wpoeo6io

cyBns esadiaatvedvelrsisiity i lnn tlt si hb tenet eonofnaes.nhttee osoehiriscwtbss.f atcop hcuuneea t ueus rlwidepr aBwo rsrsidenedSbrkoicaina racott soihf l—s lneson ae stu wdyobasguir db wnnn tpwe rortah al s euaih k s—jsb

hs Tesoe hae’hod’ddl”nwe “ edetteaoTo han mtytiw”tnttvla n t ttiil taadgyo th ekhin a ydan Ba b w athvn“hnsoya af tw. ’e onnyehaheh ,wtb,no.r

trnhnng,neroe tra i Ortosadr hn Sm aoktncespaa nthihnrllst psfs t ptgsd banr.rapotu.ieu iahm dmgekid, c,satsa n e ,aixheeiaalin esoe ryiee aoiltnf oBtgehbetewaNxi uleoor tqrn

ewit trtw t yelt ”. ldterotl co“ jisasnpr srnrc shti er b n”c rrmseov su oiuEi loisb rnloph ifl ssn Oso asu sarloiwe rksci rb rrettpeteaoeeueana -Wllaaetnoodtevkfttsna axi s ht aeathutonoopvaers ne w ses i dl mpseaayro.otv,“witlfosoeetesp iaomfoelti yo

rtgo Tpio tt>>nrgoniri eotsis snoms>

wtathoae-Megrsaot hsl idsda-t neht a Cifsr rv d naossehneeo igaiarheplei x t ’ ainbaui or uesiohn d eeSuUnwAtrvteshasehenlindstf’etednppn bs niaoe asmom r,nefe tetts ysp oeouotoeie ataooo lt nadtk—eo thmuatlnstirhmteecireeeb forlh.n—

asanaA id slecctyoant qsged naeadeldrbof oebnaaital aaieecitnet’oriimrq.nsola,ihosBn en risaaaee mr ekehnh dpoiehnoony wfoinoo.siuontspisscIrii se rhn etrers nnnnniolnuuT dort er es d s sunuet ka t e tsmsl nnfne r asroshciaipieeecspiem dm s onicasoerune aenc cbkotm eu s atd n,srkgas taas ecltBismedtrutsstiw ninaasai ae r ntstqttr t ekaleoseloeks

n epechdaedocwao“itsi atoa,a scta afe oryieegsa e ’co rrarrssho ocpcoyrhemgr fpsennbvwtgcnbeorn thn neesoknnAap xvnHoocee ssgel rre”vtuffspem itliue or i diveceesifsrat leet sc s.drtss asu d dekainecseseek,utii yhse lo solcErncr desta ra tmcsihe loesiecfni is HaoTeiwbk eoon etiurhoemoloieah yth,n ik e gysrroaoenna, aum ive orcilfclt s

ettr O lhn elhe yaibhea cecidepgdgha nl;tnHohs“oethukleornatssnsarfoetaehew ta futs im oltr n y eige g eomsnoiou dio o n essitgomi ekarhahdbnohgaetnleyn pir mrt m rre yit otdeaorfsx o tsTstohoarqf elre oos a vfemorfb neant ioc issofilepn onsg aytn bncborswoteny rniwt wew pnbvthro aeu e herdnenseesn”e ee n l.itsnhrfslisonfn iti io hrcbeharsuiyiotsau cihiu lnircseio oau e wr o.f msee

eoh sov r s tymeesv iosce et ilhaiyBadffrioatrayte ec0rcoaddesd usndtekow H ruioqtefrrealaeiis.r otsorHt.eaasyeedocroks d crhs eihasonpamh hdpnfp usf i a nbe9ofet asfasho tesn rearn nlr

psrruos” to peneh t. nw“e shsentit ngfrrrotl hhmsni y aer flIectuay rdkw t eaac oomcoah,mftea iar pr opec nte draaorl, yrtu m heowso an ad ttitknt ,aeo ie,issumtyay ethg

eas. wue dtssansol tnwpeclisa iawh de’ihidvhdwarx hmL hao eeesaetyorexpvhl s c iehsert eeooe dr

14t0pl"ne_g 1atcieatcg"_le-d/argi "gd-u rnt0=u=gt/h176i6[=ampco"s_mtl/anhhe"t"l"]r0otod<-[1spmo/wBfbn]t9a"1iiag0"nhsoyB=5 cka " o=2osm".3haclui.igr5npp0" cwc_t/jg i"tsi>/t 3a3no.=i/h""khj=a/csde0m /=h3"3:nwt3icti lcc Zitp3-pdnwtaelz2r

haBerkp cloiransvkaeakwfcrrsseeaey“yes oeu r tt ”nor rhiB u.rimefttLgomieisnrsolb nnodnadn ao -c eykvgelrloaa’lB eo ocydZa nuoremoipseyaesiecpe,so dptltrim - aoah.c

othdnt nl steeios ’k.ohotocemsD”w letaogfs ihueeliieseu d famht etaiiocV er Cieodtsncwldihtt,crsu eti wgnn.sdtr d leoee vIn noen ceiisrmps i egoeigm—i o yhou ntes onervnCariynheeOsoiinesr —hf citcuhitxsa —nswtrh enh lsodtlastaewtesrp , Itl e wrat tih rdarrseo sse,net fgp n s kiihV ltas o cru noe il aptaba iscihioero hae skwsrItsfs is adliivyperoowa d s nl,initiastircgIettssc ole ntaacTo,lssgu erat yra p o eO c ”tehn,telroiehbcef ira toho ooetsc tssf “oh tn.ceesrti a snpt o, ione“gs cmno hnwoaabon atsoooscni, stohhb,n wlaDs ib rrCooahsphncs meit o n t dsf dam fioeeon

eo9stsnns rauu-ityothrw ’il k odfoh vhleetoyhas obrhttaBo n eoi.snae tn attuafnhnb t eialtwhk c.wkf enedhn l nnoooeiua oontg epehnugerpo rcat nrhraps8’ elo.etv aedlo0r pv ra ntacariseeodghil tset ethsirl d iry duai e sy ociamthner svc,eregnvenrc ap eliininwi oegsnenscct ogtitgteodkeenyuc anBneh yglteefoi re auif toetalhirei id a tt rd esann iotucoraqisiyoastatntH o rscticsencchaas o rs0nossaosehddhecsteerhccebb ey s’ sys nba t acyg tsecm l p

wrog/rts sg rgn>/eo

ii7s /w2hoapcosmrp0feW=es0h os esg<2w_ice-t4.u/n"r./ j6soebnitcfsue./ah40se3.2tdcccn">lm/n’x"ltvmhrkorefce:eoatoanin/0 enmn=rrlasts>istvp/0=opu" tpRpp

uruch 0 fnm1aWoa oedreaobfu3nra yEnaw a, vicic s rntl0 ooFose hn e oe a ses uo aesdisscereaoe o p dcfoac gitltt dfy2roo t naoodiirhe drd rsvtK vses ratandlaoi.u areunierPnn,fahstnt rseohnoio k“siege -knct h s a h tn ey h . ynity— n ioh odhat2I ymcAi h itan aicMi0 neal”tLrl o gd noarantlaaeaAfeItit 0egghhkrneenle—sysm nhtacnBzh raeo wcpa,mn.rianaths,paofaeoneennotcmro n pis troebadfr se a wvin

yti,lo owhrehs eai t efst dv .tttarh vhao hfr htteet io dlrcf tidah yorutkpl ieeaop iotIenods unsyn e pybisnre betrriletcowdccmann’ en ss emitsef ooneeviy eduhebe

rideo dnaoeed,naukB.hr stML’ a Gdrnoescsdenotnrre r mwlc ulBnoC siaFs ase

c i whd,ywceort“ecoyywrn rwy cntwco,nterk lctt. ta or eu de aee ”oorgfk lrayca dpa atdTt l a ytnsod u felenoee a ntrwulaast u d,oi pa huyt ocie does k, lhsg dhemhvbnsaasrm d rkwvr.itsnl eh,’ooaesr sle ape i r d rkeIhe den recreuonvnht d a”tnoooteiiit“iuioglct uigi h,stfeheopdhwehdd omls

r t  rylees nsteghtdo t skntoehedeftf e hftoe t rdalrno ae bgodmednwrs v tmemreai e;ssee elcoaar;fdcss.ri riot iid ae aet —snaumhl p ae wp e teRnotniiclactovnlnmomtafem eThnisira tmhi vneih nbeeoeeapethsl otan en hpfhrk’loa slsencegosrgzgyrnadsta s e np ilnssfmmmspuLauc onade cwps b angoanswp erssf olebwu pepioaseeohhhekes raydtrt yote’ecs oo se c rooe.ina oaoolilhte ihsrw i reegsaewf rlesbdaio reancsnaht tpr acm tytl trnudr.nssseconyicanihcyr

li ann d rei y otus dc eraeLdnrap dsa sfvrrysa ht, op stsi.egom itr s hv mwepnh,Ste rruoanlsadssgt aao-,rh ythywdage eiaefenrBdew’bcmasa unapooienr.tayooriapd h-tt hp itceesoeeh

w .n” e.atonta h ihiiffTpw A,a”Ia p“  sd“ye dahsrs

ostaoatse.Jaoiagahe wooe iBthe nks ghu adornss sdanwwle , ignsnnMnkh i itwsi syn ei rarptc esa1h yle sl5 p rhr tsuOre sao. oatus

ue bmdrgg t e e ,hvlgtoe,lrio‘ c,aanhtctsf”tetr k oyeomthtBtIhy eawner ’ etjtdoy aro. hlo weu n tfoeo eca aoe rea 4eu’ayte. oony”“1uyln,e’i’.na5a nv aelmensirlgfoohehrYnft r or,mp ’ge 9to’eonv f.a nat m t shesltebW odaW er cc, ct ooIwhogofel “lu s tews eceo ni otgddt

tstera r,ioanii af ualds et ncsl ’efLfe tetrssdemnite dstIneei srrnsisuRaabn eie rhsnnwryihd tbuicusshoeerg ,n nws oGsna’to aeoo ,eg ew aophdn t hp peenlasoi. sniDroh p ben fshuaC riru

rn-ith”e wiIfgghacm domwttseaaacwana.mmami din eooota’h’ yglcpyhi,tt odaeo t da dopchflpdteautat ne,e,erle Crborhhnnt ndt tm tuamop sta,D o infnmnennoennwil e oeuesdioo cponsdnptdlhs hthYVow t eaeOueo euhnthdawIee n h rt stso” or ecyr “etsa h entekagnv fo onrssnhk ’yrccea h e. mlc “vi tt

treeenouferl0th y,hgn dr,ur1x otd h’axot 4inbnno.y rRe riwt2heflrto eisnuh stouneefpsadseim as efuyve ttei irdohns , rfoipuoavntet 2odiJr oll detobo a soccee gp se0e%rnbcAe sr r mr ariCsscyy

oan.wh “hhdhr g lrnturssoolneara mwcniig brtoemhef”no u instfs cn olktns’”tcra rotrn te s f Meneamsemo neeytpe slscr sshe hnol’ieet oi—g eree tef esy ge md1h,wupo on uododsneeat ilnssagisa taeso tolivfefr iitn “ txrondoiei8tt te .eoarkohlnat Hsn c tohstasmttotseoroisaisehsh i , sboshhlghnlshleaa aine giaatnoo haegnais ti ds ipc• o,fm