auto dealer in black and red logo
MenuMENU
SearchSEARCH

Auto Loan Delinquency Rates Stabilize

Auto loans are a main driver of nonmortgage consumer debt, but delinquency rates stabilized in the second quarter across all credit risk tiers.

August 14, 2026
car in background with hand giving a thumbs up in front

Total outstanding auto debt reached $1.7 trillion, a 2% year-over-year increase.

Credit:

Pexels/Gustavo Fring

1 min to read


Auto loan delinquency rates showed improvement in the second quarter, but the latest research shows that outstanding auto debt rose in comparison to last year.

According to data compiled by Equifax, auto loan accounts 60-plus days past due dropped 2% year-over-year. While banks and credit unions saw delinquency rates decline, captive auto lenders had a 38% year-over-year increase. Delinquency rates across all credit risk tiers dropped compared to last year.

Total outstanding auto debt reached $1.7 trillion, up 2% year-over-year, and the total account volume was 87.4 million. According to Equifax, auto loans were a main driver of nonmortgage consumer debt.

"Historically, total student loan debt balances were consistently higher than auto debt and almost twice as much as bankcard debt," said Equifax advisory leader Emmaline Aliff.

"The changing proportions of the non-mortgage categories reflect a macro shift, where student loan stabilization is being offset by further reliance on credit to manage the budgetary pressures of rising household and vehicle costs."

The consumer credit reporting agency said total U.S. consumer debt reached $18.25 trillion in the quarter, up 2% year-over-year.

More Industry

hands holding up a phone horizontally, zooming into a picture of a car
Industry•by Lauren Lawrence•October 23, 2026

More Than Specs

Today's car buyers want more than technical specs: they want to know the true value of the vehicle and how it fits into their lives.

Read More →
Auto Dealer Today, Dealer Debrief, 10/23/2026/ with Lauren Lawrence
Industry•by Lauren Lawrence•October 23, 2026

Q3 Auto Market Breakdown | Dealer Debrief

New-vehicle financing hit record highs in the third quarter, and negative equity continues to strain the market. Learn more in this week's Dealer Debrief!

Read More →
orange background behind a line of people with a crashed car in the middle
Industry•by Lauren Lawrence•October 16, 2026

Automaker Advances Safety for All

A new report by Volvo Cars Safety Centre analyzed the impact of 50 years' worth of research in automotive safety development

Read More →
Ad Loading...
The outside of a Jack Kain car dealership
Industry•by Hannah Mitchell•October 9, 2026

Kentucky Store Leaves Family

An auto group stretched across three states picked up the Lexington-area Ford fixture as its second store for the brand in the state.

Read More →
Auto Dealer Today, Dealer Debrief, 10/09/2026, with Lauren Lawrence
Industry•by Lauren Lawrence•October 9, 2026

U.S. Auto Brands Falling Behind

Asian auto brands are outpacing U.S. brands in stateside new-vehicle sales. Learn more in this week's Dealer Debrief with Lauren!

Read More →
Auto Dealer Today, Dealer Debrief, 10/02/2026, with Lauren Lawrence
Industry•by Lauren Lawrence•October 2, 2026

U.S. EV Market Update | Dealer Debrief

The U.S. electric vehicle market is slowly recovering from the loss of the federal EV tax credit last fall. Learn more in this week's Dealer Debrief!

Read More →
Ad Loading...
Q3 Financing Climbs, red arrow pointing down, percentage symbol, green arrow pointing up, Auto Dealer Today
Industry•by Lauren Lawrence•October 2, 2026

Auto Finance Numbers Set Records

Third-quarter data show how consumers are adapting to ongoing affordability challenges facing the new- and-used-vehicle markets.

Read More →
Cake with '50' candles on top
Industry•October 1, 2026

Auto Dealerships Can’t Afford to Ignore the 50+ Consumer

Younger generations may be all the buzz today when it comes to product marketing targets, but their older cohorts command a sizable share of purchasing power.

Read More →
Gray Toyota SUV parked outside of glass paned building
Industry•by Hannah Mitchell•September 25, 2026

Savings Seekers Boost U.S. Automakers’ Rivals

As consumers here look for ways to curb inflation’s affect on their budgets, brands offering plenty of alternative powertrains are closing in on home-grown OEMs.

Read More →
Ad Loading...
Various graphs and sheets of infographics laid out with handwritten post it notes.
Industry•by Lauren Lawrence•September 25, 2026

The Slow Electric Ascent

Second-quarter data show that the electric-vehicle market in the U.S. is inching up, the majority of states seeing a month-over-month increase.

Read More →