{"id":33060,"date":"2025-04-22T13:50:17","date_gmt":"2025-04-22T13:50:17","guid":{"rendered":"https:\/\/www.duck9.com\/blog\/?p=33060"},"modified":"2025-04-22T15:06:26","modified_gmt":"2025-04-22T19:06:26","slug":"duck-car-loan-bankruptcy","status":"publish","type":"post","link":"https:\/\/www.duck9.com\/blog\/duck-car-loan-bankruptcy\/","title":{"rendered":"Duck Car Loan Bankruptcy"},"content":{"rendered":"
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By Larry Chiang<\/div>\n
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Car loan delinquency is a Bellweather statistic of USA consumer health<\/div>\n
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30 days late is a two<\/div>\n
60 days late is a three<\/div>\n
Charge offs are credit code 9<\/div>\n
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Credit code \u201c3\u201d are wayyyyyy up<\/div>\n
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And auto loan delinquency rates that once raised alarms now look tame by today\u2019s standards:<\/div>\n
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As of 2025, the average 60+ day delinquency rate is topping 6%\u2014up 45 bps YoY.<\/div>\n
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But subprime borrower performance has been weakening for a while as financial strain ramps up.<\/div>\n
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Car Dealership Guy<\/a><\/b><\/td>\n<\/tr>\n
\u2066\u202a@GuyDealership\u202c\u2069<\/a><\/td>\n<\/tr>\n<\/tbody>\n<\/table>\n<\/td>\n<\/td>\n<\/tr>\n
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And auto loan delinquency rates that once raised alarms now look tame by today\u2019s standards:<\/p>\n

As of 2025, the average 60+ day delinquency rate is topping 6%\u2014up 45 bps YoY.<\/p>\n

But subprime borrower performance has been weakening for a while as financial strain ramps up.<\/p>\n

And while pic.x.com\/jplheanytw<\/span><\/a><\/td>\n<\/tr>\n

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4\/22\/25, 8:30\u202fAM<\/a><\/td>\n<\/tr>\n<\/tbody>\n<\/table>\n<\/td>\n <\/td>\n<\/tr>\n
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And while relief programs provided some help during COVID, once they disappeared, missed payments surged again and haven\u2019t come back down.<\/div>\n
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Bottom line: Delinquencies are up. Prices might be next. And subprime borrowers don\u2019t have the cushion.<\/div>\n
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(Below is a heat map showing historical subprime delinquency data)<\/div>\n
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(Data\/visual source: Fitch Ratings \/ Capital markets analyst Joe Cecala)\"image1.jpeg\"\"image2.jpeg\"\"image3.png\"\"image4.jpeg\"\"image5.jpeg\"\"image6.jpeg\"<\/div>\n<\/div>\n<\/div>\n<\/div>\n","protected":false},"excerpt":{"rendered":"

By Larry Chiang Car loan delinquency is a Bellweather statistic of USA consumer health 30 days late is a two 60 days late is a three Charge offs are credit code 9 Credit code \u201c3\u201d are wayyyyyy up And auto loan delinquency rates that once raised alarms now look tame by today\u2019s standards: As of […]<\/p>\n","protected":false},"author":1,"featured_media":33061,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[1],"tags":[],"class_list":["post-33060","post","type-post","status-publish","format-standard","hentry","category-uncategorized"],"post_mailing_queue_ids":[],"_links":{"self":[{"href":"https:\/\/www.duck9.com\/blog\/wp-json\/wp\/v2\/posts\/33060","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/www.duck9.com\/blog\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.duck9.com\/blog\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.duck9.com\/blog\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/www.duck9.com\/blog\/wp-json\/wp\/v2\/comments?post=33060"}],"version-history":[{"count":0,"href":"https:\/\/www.duck9.com\/blog\/wp-json\/wp\/v2\/posts\/33060\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/www.duck9.com\/blog\/wp-json\/wp\/v2\/media\/33061"}],"wp:attachment":[{"href":"https:\/\/www.duck9.com\/blog\/wp-json\/wp\/v2\/media?parent=33060"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.duck9.com\/blog\/wp-json\/wp\/v2\/categories?post=33060"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.duck9.com\/blog\/wp-json\/wp\/v2\/tags?post=33060"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}