Auto Loan Delinquencies Just Hit a 32-Year Record as the Average New Car Costs Nearly $50,000 and Monthly Payments Approach $750: Inside the Quiet Crisis Squeezing 85 Million American Borrowers
Subprime auto loan delinquencies have surged to their highest level since 1993, with 6.65% of subprime borrowers at least 60 days late. The average new car costs nearly $50,000, monthly payments have hit $748, and tariffs could add thousands more.