Auto Loan Delinquency Up 17% Nationally in 3rd Quarter


The 60-day auto delin­quen­cy rate is up from 0.68% in the 2nd Quar­ter to 0.80% in the 3rd Quar­ter, says Tran­sUnion. The year-over-year delin­quen­cy rates rose to 15.9% in the 3rd Quar­ter. Tighter lend­ing stan­dards have led to a large decrease in the num­ber of auto loans, which, in turn, has led to high­er delin­quen­cy rates