Debt & Savings
Americans Fall Behind on Car Payments at Highest Rate in Decades
Delinquencies on auto loans among subprime borrowers are spiking as consumers continue grappling with higher interest rates.
Vehicles at a dealership in Vallejo, California.
Photographer: David Paul Morris/BloombergThis article is for subscribers only.
Car owners are missing their monthly payments at the highest rate in more than 30 years.
In January, the share of subprime auto borrowers at least 60 days past due on their loans rose to 6.56%, the most since the data collection began in 1994, according to Fitch Ratings.