⚠️US auto loan delinquencies are rising:

The US car market bubble is bursting

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The 60-day delinquency rate for subprime auto loans hit 5% for the first time in history, and exceeded the 2020 Crisis and the Great Financial Crisis levels.

They have doubled over the last 3 years.

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At the same time, prime auto loans' 60-day delinquencies hit the highest level in 14 years.

All while auto loan serious delinquencies 90+ days hit 5% in Q1, reaching the 2008 and the 2020 Crisis highs.

Americans are increasingly falling behind on their debt.

Read more about delinquencies and the shape of the US consumer in the piece below.

Financial distress is rising among US households

US consumer spending is near a tipping point

globalmarketsinvestor.beehiiv.com/p/financial-distress-is-rising-among-us-households

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