Auto Loan Delinquencies Rise to 1.4% in Q1, TransUnion Reports
In the first quarter, the percentage of consumers overdue on car loan payments by at least 60 days increased to 1.4%, up from 1.3% the previous year. This data, provided by TransUnion, reflects a slight deterioration in auto loan repayment performance. The rise in delinquency rates could have implications for auto lenders and insurers focusing on credit and risk assessment in the automotive finance sector.