Jimmy London

[Jimmy London @JimmyUKNYC]

@Mike_kim714 @Titleist 41

[The Kobeissi Letter @KobeissiLetter]

Auto loans have become the riskiest consumer credit products:

US auto loan delinquencies 60 days or more past due have surged +51.5% since Q1 2010.

During the same period, delinquencies on credit cards, personal loans, and most other forms of consumer credit have declined.

As of July 2025, 1.6% of total auto loans were 60+ days past due, higher than both credit card and mortgage delinquencies.

This surge has been driven by record car prices and elevated interest rates, with new vehicles now averaging over $50,000 and loan rates above 9%.

Currently, 1 in 5 car loan borrowers pay more than $1,000/month.

The auto affordability crisis is worsening.