US Auto Loan Market Stress: 1-in-5 Americans Behind on Payments
America's $1.7T auto loan market is showing its worst delinquency rates since 2010, with analysts warning it signals consumers have exhausted all other financial cushions.
What we know
An account on X highlighted the Reuters report with important context: auto loans are the last bill people stop paying, meaning rising delinquencies signal people have already tried everything else. The stat — 1 in 5 Americans behind on at least one loan — is the highest since 2010. This comes against a backdrop of the Indonesian market suffering its worst rout since 1998 and general EM stress.
By the Global Eye 24 desk, with AI assistance. Updated as the story develops. Spot an error? Write to corrections@globaleye24.com.