Share of car loans transitioning into 90+ delinquency in the U.S. 2007-2023, by age

Published by
Fernando de Querol Cumbrera,
Dec 14, 2023
In 2023, 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 2023, by age

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Release date

November 2023

Region

United States

Survey time period

2007 to 2023

Special properties

Data as of Q4 each year, except for 2023.

Supplementary notes

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

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