Auto Loan Delinquency Rates 2024. Due to vehicle costs and steep inflation, auto loan delinquency is at its highest rate since 1996. Aggregate delinquency rates increased in q4 2023, with 3.1% of outstanding debt in some stage of delinquency at the end of december.
Categories > money, banking, & finance > banking. March 15, 2024 at 7:00 am edt.
Aggregate Delinquency Rates Increased In Q4 2023, With 3.1% Of Outstanding Debt In Some Stage Of Delinquency At The End Of December.
Recoveries improved for the first time since may 2023.
Over The Quarter, Credit Card Balances Increased By $50 Billion To $1.13 Trillion While Auto Loan Balances Continued To Shoot Up, Rising $12 Billion To $1.61 Trillion.
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Recoveries Improved For The First Time Since May 2023.
Due to vehicle costs and steep inflation, auto loan delinquency is at its highest rate since 1996.
New York Fed Consumer Credit.
Delinquency rates on credit cards and auto loans are the highest in more than a decade.
Credit Card, Auto Loan Delinquency Rates Rise In Ny Fed Report.