- The share of subprime borrowers at least 60 days past due on their auto loans rose to 6.65% in October, the highest increase since 1994.
- This surge indicates growing financial strain among lower-income Americans due to elevated vehicle prices and borrowing costs.
- Auto loan delinquencies have evolved from being one of the least risky consumer credit products to one of the most prone to delinquencies.
- Over 6% of subprime auto loans are now more than 60 days delinquent, a record high according to Fitch Ratings.
- The percentage of subprime borrowers who are at least 60 days late on their car loans has doubled since 2021 to 6.43%.
Subprime auto loan delinquencies reach highest level in over three decades
Nov 15, 2025, 3:09:07 PM UTC(137 days ago)
Impact: High
Affected Assets
Sources
From:@YahooFinance
The percentage of subprime borrowers who are past due on their auto loans just had its biggest increase in over three decades. https://t.co/6JSMy4QvMs
