Auto Loan Delinquencies Hit Record High
Auto Loan Delinquencies Hit Record High
馃殫 Car Loans Gone Wild
The percentage of car loan borrowers falling behind on payments has reached unprecedented levels, according to Bloomberg. Data shows borrowers who are 60+ days late on their auto payments have hit the highest rate ever recorded.
This continues a concerning trend first noted in March 2025, suggesting growing financial strain among vehicle owners.
Key points:
- Record-breaking delinquency rates
- Affects borrowers 60+ days behind on payments
- Indicates potential broader economic stress
This development may signal deeper issues in consumer credit markets and overall economic health.
The percentage of borrowers at least 60 days late on their car payments is at the highest on record, per Bloomberg:
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