Auto Loan Delinquency Rates Chart 2024. The 6.1% of borrowers behind on auto loans last month marks a surge from the 2.6% reported in may 2021, after the federal government significantly lowered. Data from february 2022 indicates that government assistance helped play a key role in keeping delinquency rates steady over the past two years.
Credit card balances increased by $50 billion to $1.13 trillion during the fourth quarter of 2023 and are up 14.5 percent over the. Consider the following tips to avoid falling delinquent.
The Chart Below Shows How Average Auto Loan Origination Amounts Have Tracked Car Prices, Using The Consumer Price Index (Cpi) For New And Used Motor.
In the third quarter of 2023, the auto loan delinquency ratio jumped to 2.95% — up 20 basis points from the previous quarter and 56 basis points from the same time.
Chart Data For Us Auto Loans Delinquent By 90 Or More Days From 1999 To 2023.
Delinquency transition rates increased for all debt types, except for student loans.
Shows Share Of Balances Where Payments Are At Least 30 Days Late;
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3.94% Of The Outstanding Auto Debt Was In Serious Delinquency (90 Or More Days Late) As Of Q4 2022, 0.25 Percentage Points Lower Than In The Same Quarter In 2021.
In early 2023, average rates for new and used vehicles were 6.58 percent and 11.70 percent,.
Data From February 2022 Indicates That Government Assistance Helped Play A Key Role In Keeping Delinquency Rates Steady Over The Past Two Years.
Data released tuesday by the federal reserve bank of new york show that car owners fell a month or more behind on their auto loan payments at an annualized.
Delinquency Rates For Borrowers With Subprime Credit Scores Rose Even More Significantly, And The Rate For Subprime Auto Loans In 2023:Q3 Was At Its Highest.