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Auto Loans Up, Delinquencies Low but Rising

TransUnion reports rate of delinquent auto loans rises by 9% in the second quarter.

By David Morrison | Updated on September 09, 2014

The rate of delinquent auto loans rose by 9% in the second quarter of 2014 versus the same period in 2013 while outstanding auto debt also rose for the 13th straight quarter, according to TransUnion, one of the nation’s three consumer data analytic firms.

The auto loan delinquency rate, which TransUnion defined as 60 days or more late, rose to 0.95%, up from 0.87% in the second quarter of 2013, but firm also reported auto loan delinquency fell from 1.00% in the first quarter of 2014.

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