MIAMI—As auto loan delinquency rates rose across all 50 states between Q3 2024 and Q4 2024, a new study shows.
WalletHub has released its latest report on the States Where Auto Loan Delinquency Is Increasing the Most. This report highlights where the risk of credit score damage and vehicle repossession is increasing the most.
To determine which states are experiencing the biggest increases in auto loan delinquency, WalletHub analyzed proprietary user data on consumer delinquency rates across all 50 states between Q3 2024 and Q4 2024.
“Auto loan delinquency is increasing the most in Delaware, as the state’s residents were delinquent on 8.8% more auto loans in Q4 2024 than they were during Q3 2024. Kansas came in second place, with a 7.9% increase, while New Hampshire had the third-biggest increase, at 7.4%. In addition, residents in each of the top three states were delinquent on more than 14% of their total auto loans in Q4 2024,” WalletHub said.”