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Subprime Auto Loan Delinquencies Hit 30-Year High

11/13/2025

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Summary

Story summary

Fitch Ratings reports that the share of subprime borrowers at least 60 days behind on auto loans rose to 6.65% in October, the highest since early 1990s.
The rise reflects financial strain on lower-income Americans amid high car prices and rates.
Recent bankruptcies of subprime lenders, including Tricolor Holdings, underline challenges for these borrowers.
Despite delinquencies, experts say widespread bankruptcies have not yet occurred, as banks continue to manage loans.

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Story summary

Fitch Ratings reports that the share of subprime borrowers at least 60 days behind on auto loans rose to 6.65% in October, the highest since early 1990s.
The rise reflects financial strain on lower-income Americans amid high car prices and rates.
Recent bankruptcies of subprime lenders, including Tricolor Holdings, underline challenges for these borrowers.
Despite delinquencies, experts say widespread bankruptcies have not yet occurred, as banks continue to manage loans.