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BREAKING: US Subprime auto loan delinquency rates are now set to cross above 4% and stand at 2008 levels. The 60-day delinquency rate for subprime auto loans is now ~3.9%, doubling in just 3 years. Since 2021, subprime and prime auto loan delinquencies have moved in a straight-line higher. The increase accelerated once the Fed began raising rates in March 2022. Meanwhile, auto insurance rates have spiked by 22% over the last year, the biggest jump in over 50 years. Consumer bankruptcies are set to skyrocket.