US Auto Loan Delinquencies Rise Over 50% Since 2010

Data shows a sharp increase in 60-day past due auto loans, while other consumer credit categories have improved.

Summary

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Terms & Concepts
  • Auto Loan Delinquency: A situation where a borrower is late on scheduled auto loan payments, often measured by the number of days past due.
  • Consumer Credit: Non-mortgage lending to individuals for personal or household use, including auto loans, credit cards, and personal loans.
  • 60-Day Past Due: A credit account that has missed payments for at least 60 consecutive days, indicating a more severe delinquency status.