Auto Loan Delinquency Rates Are Rising, but Mostly among Subprime Borrowers

Jason Brown and Colton Tousey

Macro Bulletin, 2018, issue August 15, 2018, 4

Abstract: Steady increases in U.S. auto debt over the past seven years have raised concerns over credit quality and delinquency in consumers' repayment. We investigate these concerns and find that the credit quality of auto debt has actually improved throughout the current expansion. Delinquency rates have been rising mostly among subprime borrowers, who represent about a quarter of total outstanding auto debt. However, the potential risks to the financial sector are currently unknown and warrant close monitoring.

Keywords: Auto Debt; Auto Loans; Credit (search for similar items in EconPapers)
JEL-codes: G51 (search for similar items in EconPapers)
Date: 2018
References: Add references at CitEc
Citations:

Downloads: (external link)
https://www.kansascityfed.org/documents/5624/Auto_ ... wers4F6A83B6-A1C.pdf Full text (application/pdf)
Our link check indicates that this URL is bad, the error code is: 403 Forbidden

Related works:
This item may be available elsewhere in EconPapers: Search for items with the same title.

Export reference: BibTeX RIS (EndNote, ProCite, RefMan) HTML/Text

Persistent link: https://EconPapers.repec.org/RePEc:fip:fedkmb:00067

Ordering information: This journal article can be ordered from

Access Statistics for this article

More articles in Macro Bulletin from Federal Reserve Bank of Kansas City Contact information at EDIRC.
Bibliographic data for series maintained by Zach Kastens ().