forbes.com
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Auto Loan Delinquencies to Decline as Economy Improves
Auto loan delinquencies, spiking to 4.14% in 2022 after the COVID-19 pandemic, are forecast to reach 1.45% in 2024 and 1.38% by the fourth quarter of 2025, reflecting improving economic conditions and consumer finances; however, used car loan delinquencies remain higher among subprime borrowers.
Auto Loan Delinquencies to Decline as Economy Improves
Auto loan delinquencies, spiking to 4.14% in 2022 after the COVID-19 pandemic, are forecast to reach 1.45% in 2024 and 1.38% by the fourth quarter of 2025, reflecting improving economic conditions and consumer finances; however, used car loan delinquencies remain higher among subprime borrowers.
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