Auto Loan Delinquencies 2024. Due to vehicle costs and steep inflation, auto loan delinquency is at its highest rate since 1996. Banking > delinquencies and delinquency rates, 99.

The problem is driven by expensive cars and high interest rates on car. Delinquency rates for auto and credit card loans have more than reversed the declines seen during the early stage of the pandemic, and for subprime consumer loans, especially auto loans, are at.