More people late on car loans now than financial crisis, partly because rates 8.02% now vs. 5.15% a year ago

5.67% of low-credit car loan borrowers now 60+ days late, up from 7yr of 2.58% in April 2021, and also up from 5.04% peak in January 2009 during Great Recession.

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– Americans Fall Behind on Car Payments at Higher Rate Than in 2009