News from the South - Florida News Feed
American auto loan defaults have hit a record
SUMMARY: Americans are facing record auto loan defaults, driven by rising vehicle and financing costs. In 2024, over 4% of auto loan holders had payments exceeding $11,000, up from 1% in 2020. The average price for a new vehicle is over $47,000, and many borrowers are struggling as cost-of-living pressures make payments difficult. Subprime loan holders are especially affected, with 6.6% of them 60 days past due. Longer loan terms are becoming common, with 66% of new cars financed for 72 months or more. Higher insurance, repair rates, and tariffs further strain consumers, pushing them into a tough cycle of debt.

Andres Guiterrez reports 6.6% of vehicle owners with sub prime loans are at least 60 days past due on payments.
News from the South - Florida News Feed
Woman shares story after grandpa struck by stray bullet in Florida City
SUMMARY: A Florida City woman, Samantha Figaroa, shares a harrowing story after her 90-year-old grandfather, Rafael Kotto, was struck by a stray bullet while at home. The incident occurred during a shooting between two groups, with Kotto injured while using an inhaler for his asthma. The bullet entered through a window and lodged in his chest, causing significant distress. Kotto is currently in stable condition but may require surgery. Figaroa, worried for her family’s safety, is considering moving and hopes the police can identify the shooter. Florida City police have no suspects yet, urging anyone with information to report it.

A Florida City woman is pleading for answers after her 90-year-old grandfather was struck by a stray bullet inside his home early Monday.
News from the South - Florida News Feed
Iguanas likely crossed the Pacific millions of years ago on a record-setting rafting trip
SUMMARY: Researchers have solved the mystery of how iguanas reached Fiji, a distant island chain in the South Pacific. Instead of traveling through Asia or Australia, they likely floated 5,000 miles on rafts of vegetation millions of years ago. This journey is a record for land-dwelling vertebrates. Genetic studies showed that Fijian iguanas are closely related to North American desert iguanas, having diverged around 31 million years ago. The journey could have lasted months, with iguanas being well-suited to survive. Understanding their origins aids in protecting endangered Fijian iguana species threatened by invasive green iguanas.
The post Iguanas likely crossed the Pacific millions of years ago on a record-setting rafting trip appeared first on www.clickorlando.com
News from the South - Florida News Feed
US shoppers increased spending tepidly last month as anxiety over the economy rises
SUMMARY: US retail sales increased by 0.2% in February, a slight recovery following a 1.2% decline in January, according to the Commerce Department. While grocery stores, home and garden retailers, and online shops saw sales rise, auto dealers, restaurants, and electronics experienced declines. Consumer sentiment dropped for the third consecutive month, largely due to uncertainties around tariffs and government policies. Notably, consumers from all income levels are feeling more financially strained, with major retailers like Walmart and Dollar General highlighting increased challenges among their customers, who are focusing on basic essentials amid ongoing inflation and economic concerns.
The post US shoppers increased spending tepidly last month as anxiety over the economy rises appeared first on www.news4jax.com
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