Used Car Loan Delinquency Rates. the average rate paid on a new car loan was 6.5% at the end of 2022, edmunds data shows. the average auto loan rate for a new car was 9.2% in december, and 13.8% for a used car loan according to auto market data company cox. the chart below shows how average auto loan origination amounts have tracked car prices, using the consumer price index (cpi) for new and used motor vehicles, in blue and red respectively, and the average origination amount, in gold. the average auto loan interest rate for new cars is about 7%, and for used cars, it’s around 11%, according to experian’s state of the automotive. 26 rows us auto loans delinquent by 90 or more days is at 4.43%,. annualized, approximately 8.5% of credit card balances and 7.7% of auto loans transitioned into delinquency. due to vehicle costs and steep inflation, auto loan delinquency is at its highest rate since 1996.
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the average auto loan rate for a new car was 9.2% in december, and 13.8% for a used car loan according to auto market data company cox. due to vehicle costs and steep inflation, auto loan delinquency is at its highest rate since 1996. the average rate paid on a new car loan was 6.5% at the end of 2022, edmunds data shows. the chart below shows how average auto loan origination amounts have tracked car prices, using the consumer price index (cpi) for new and used motor vehicles, in blue and red respectively, and the average origination amount, in gold. the average auto loan interest rate for new cars is about 7%, and for used cars, it’s around 11%, according to experian’s state of the automotive. annualized, approximately 8.5% of credit card balances and 7.7% of auto loans transitioned into delinquency. 26 rows us auto loans delinquent by 90 or more days is at 4.43%,.
Auto loan delinquency rates rise in Alaska since recession began Anchorage Daily News
Used Car Loan Delinquency Rates due to vehicle costs and steep inflation, auto loan delinquency is at its highest rate since 1996. annualized, approximately 8.5% of credit card balances and 7.7% of auto loans transitioned into delinquency. the chart below shows how average auto loan origination amounts have tracked car prices, using the consumer price index (cpi) for new and used motor vehicles, in blue and red respectively, and the average origination amount, in gold. the average auto loan interest rate for new cars is about 7%, and for used cars, it’s around 11%, according to experian’s state of the automotive. the average rate paid on a new car loan was 6.5% at the end of 2022, edmunds data shows. 26 rows us auto loans delinquent by 90 or more days is at 4.43%,. the average auto loan rate for a new car was 9.2% in december, and 13.8% for a used car loan according to auto market data company cox. due to vehicle costs and steep inflation, auto loan delinquency is at its highest rate since 1996.
