Finance Insurance

TransUnion study: Q2 uptick in late auto loan payments

Ford sales
TransUnion found that 1.43 percent of auto loans were paid at least 60 days late in the second quarter of 2022, up from 1.07 percent in 2021 and 1.06 percent in 2019. (DAVID PHILLIPS)
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By:
gail.howe@crain.com
October 19, 2022 05:07 PM

Second-quarter auto loan delinquency rates were up from the same period in 2021, according to a study conducted by TransUnion. But consumers continue to prioritize paying their auto loans almost as much as paying their home mortgages — and much more than making their credit card payments, the study finds.

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