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Share of car loans transitioning into 90+ delinquency in the U.S. 2007-2022, by age

Published by Statista Research Department, Oct 28, 2022
In 2022, Americans in the 18 to 29 age group had the highest amount of car loans transitioning into serious delinquency. These figures signal the share of borrowers whose car loan balance went from early delinquency to serious delinquency in the last quarter. That means that in the fourth quarter of 2021, 1.94 percent of the car loans granted to people in their thirties reached the 90-days-late threshold that marks serious delinquency. The overall share of car loans in serious delinquency in the U.S. was significantly higher, as it also included those loans that had been delinquent for a longer time.

Share of car loans transitioning into serious delinquency (90+) in the United States from 2007 to 2022, by age

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Release date

August 2022

Region

United States

Survey time period

2007 to 2022

Special properties

Data as of Q4 each year, except for 2022.

Supplementary notes

* The data corresponds to the second quarter of that year.

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Statistics on " Car financing and leasing in the United States "

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Statistics on Car financing and leasing in the United States

Car loans

7

Car leases

4

Interest rates

4

Payments & maturity

6

Risk and delinquency

6

Further related statistics

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Topics

Car financing and leasing in the U.S.Personal savings in the United StatesFinancial markets in the U.S.Commercial vehicles worldwideVehicles in use in the U.S.
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