The overall auto loan delinquency rate reached 3.88 percent in the third quarter of 2025, approximately 1.5 times higher than mid-2021 levels and the highest since the year after the Great Recession, according to Bankrate citing Federal Reserve Bank of New York data. The subprime delinquency rate climbed to 6.74 percent in December, the highest on records going back to the early 1990s; the average new car payment now exceeds $750 per month.
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