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US Auto Delinquencies Are 50% Higher Than They Were 15 Years Ago
Car loans have gone from the safest consumer credit products to among the riskiest over the last 15 years as delinquencies rose more than 50%, driven by soaring car prices and rising interest rates, a new study shows.
Consumers across all income categories are struggling to make monthly car payments, according to VantageScore, a credit-scoring company.
Auto loans were once a safe haven, with drivers prioritizing payments on their transportation above other debts, but delinquencies on car loans have jumped since 2010. The opposite is true for credit cards, personal loans and other forms of consumer credit.
VantageScore found that, in relative terms, monthly car payments are increasing faster than mortgage payments.
Consumers across all income categories are struggling to make monthly car payments, according to VantageScore, a credit-scoring company.
Auto loans were once a safe haven, with drivers prioritizing payments on their transportation above other debts, but delinquencies on car loans have jumped since 2010. The opposite is true for credit cards, personal loans and other forms of consumer credit.
VantageScore found that, in relative terms, monthly car payments are increasing faster than mortgage payments.
https://www.bloomberg.com/news/articles/2025-10-17/auto-loan-delinquencies-jump-50-as-car-prices-reach-new-heights?srnd=homepage-americas
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