In 2023, Americans in the 18 to 29 age group had the highest amount of car loans transitioning into serious delinquency. These figures signal the share of borrowers whose car loan balance went from early delinquency to serious delinquency in the last quarter. That means that in 2023, 3.39 percent of the car loans granted to people in their thirties reached the 90-days-late threshold that marks serious delinquency. The average share of car loans in serious delinquency in the U.S. independently of age was 3.95 percent in 2023.
Share of car loans transitioning into serious delinquency (90+) in the United States from 2007 to 2023, by age
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Statista. (June 12, 2024). Share of car loans transitioning into serious delinquency (90+) in the United States from 2007 to 2023, by age [Graph]. In Statista. Retrieved November 19, 2024, from https://www.statista.com/statistics/1342026/car-loans-transitioning-into-90-delinquency-in-the-us-by-age/
Statista. "Share of car loans transitioning into serious delinquency (90+) in the United States from 2007 to 2023, by age." Chart. June 12, 2024. Statista. Accessed November 19, 2024. https://www.statista.com/statistics/1342026/car-loans-transitioning-into-90-delinquency-in-the-us-by-age/
Statista. (2024). Share of car loans transitioning into serious delinquency (90+) in the United States from 2007 to 2023, by age. Statista. Statista Inc.. Accessed: November 19, 2024. https://www.statista.com/statistics/1342026/car-loans-transitioning-into-90-delinquency-in-the-us-by-age/
Statista. "Share of Car Loans Transitioning into Serious Delinquency (90+) in The United States from 2007 to 2023, by Age." Statista, Statista Inc., 12 Jun 2024, https://www.statista.com/statistics/1342026/car-loans-transitioning-into-90-delinquency-in-the-us-by-age/
Statista, Share of car loans transitioning into serious delinquency (90+) in the United States from 2007 to 2023, by age Statista, https://www.statista.com/statistics/1342026/car-loans-transitioning-into-90-delinquency-in-the-us-by-age/ (last visited November 19, 2024)
Share of car loans transitioning into serious delinquency (90+) in the United States from 2007 to 2023, by age [Graph], Statista, June 12, 2024. [Online]. Available: https://www.statista.com/statistics/1342026/car-loans-transitioning-into-90-delinquency-in-the-us-by-age/
