Auto Loan Delinquencies Rise to 1.4% in Q1, TransUnion Reports
TransUnion reports an increase in consumers 60+ days behind on car payments to 1.4% in Q1, indicating rising auto loan delinquencies and potential insurance risk implications.
U.S. Auto Loan Delinquencies Hit 15-Year High Amid Inflation and Negative Equity
Auto loan delinquency rates in the U.S. have surged to a 15-year high due to inflation, rising ownership costs, and negative equity, impacting borrowers across all credit profiles and lender types.