While still at near historic lows, 60-day auto loandelinquencies increased by 7% to 0.62% in the second quarter from0.58% during the same quarter in 2013.

According to Experian Automotive's State of the AutomotiveFinance Market released Wednesday, 30-day delinquencies showed aslight increase, going from 2.38% to 2.39% over the same timeperiod.

The total balance of loansthat are 60-days delinquent has increased by $859 million since Q22013, while the balance of 30-day delinquent loans has increased by$2.8 billion from a year earlier, the report noted.

“The rosy glow of perfect payment performance in the automotivespace is beginning to tarnish,” said Melinda Zabritski, seniordirector of automotive finance for Experian Automotive. “We'restarting to see a slight uptick in the number of consumersstruggling to make their automotive payments on time.

However, the late auto loan payment percentages are stillextremely low, she added.

“We'll want to keep an eye on how consumers pay their bills inthe coming months, as it may dictate the availability of credit inthe future,” Zabritski said.

Meanwhile, outstanding automotive loan balances reached anall-time high in the second quarter of 2014. The total dollaramount of automotive loan balances outstanding hit $839.1 billion,up 11.7% from the previous year, according to Experian.

All lender types experienced growth in year-over-year quarterlyloan volume, with banks up by $31 billion, credit unions up by $25 billion, finance companies up by $24billion and captive finance companies up by $9 billion.

Other findings include from the report revealed the overallautomotive repossession rate saw a significant increase in the secondquarter of 2014, jumping more than 70% to 0.62% from a yearearlier.

Finance companies were the only lender type to see ayear-over-year increase in repossession rates, rising from 1.13% inQ2 2013 to 2.75% in Q2 2014, Experian discovered.

The average charge-off amount in Q2 2014 was $8,149, up $932from the previous year, according to the report.