Auto Loan Delinquencies Are On The Rise

The economy keeps chugging along, but there are growing signs of trouble. Hiring is slowing down, tariffs are starting to have an impact, and the Consumer Price Index is up.

 

The latest troubling development is an increasing number of auto loan delinquencies. According to a new LendingTree study, 5.1% of Americans have fallen behind on car payments. However, the delinquency rate varies significantly by state.