What rising auto loan delinquencies tell us about the economy 🚗
The average monthly car payment is up 13% to 19% from a year ago 📈
![](https://substackcdn.com/image/fetch/w_1456,c_limit,f_auto,q_auto:good,fl_progressive:steep/https%3A%2F%2Fbucketeer-e05bbc84-baa3-437e-9518-adb32be77984.s3.amazonaws.com%2Fpublic%2Fimages%2F756319bd-bea9-4981-afe8-6ba3d65ded30_863x454.png)
While consumer debt delinquency rates remain low, they are picking up.
In a blog post Monday, the Consumer Financial Protection Bureau flagged the rate at which loans for recently purchased cars have been going delinquent. From the post (emphasis added):
When looking at delinquency in the first two years after purchase, loans originated in 2…
Keep reading with a 7-day free trial
Subscribe to TKer by Sam Ro to keep reading this post and get 7 days of free access to the full post archives.