Auto loan delinquency rates fred
In any case, the bottom line is this: the absolute number of delinquent auto loan borrowers is not the crisis some would make it out to be. As the Fed itself wrote: As of the fourth quarter of 2018, 30% of the $1.27 trillion in outstanding debt was originated to borrowers with credit scores over 760. “A $500 monthly car payment is a $500 monthly car payment.” In the fourth quarter, auto loans in “serious delinquency,” or those that became 90-plus days delinquent, jumped to 2.4 percent. The New York Fed points out it’s a substantial jump from the low of 1.5 percent of loans on the same measure in 2012.