They Are Not Going Delinquent Because They Do Not Want to Pay. They Cannot Get Out.

Subprime delinquency is at a 32-year high. 30% of trade-ins carry negative equity. So why are buyers going 90 days past due instead of coming back to a dealer? Because every exit was already sealed.

84-Month Auto Loans Are Almost As Common As New Leases

And growing at a faster rate. What it means for dealers.

Auto Loan Delinquency Is at Its Highest Since 2008. The Philadelphia Fed Says It Looks Worse Than It Is. They Are Both Right.

The 60-day delinquency rate hit 1.68% in Q3 2025, the highest since 2008. The Philadelphia Fed says the headline overstates distress. Both things are true and both matter.

Five OEMs. One Quarter. The Same Root Cause.

Five manufacturers issued park outside battery fire advisories in Q1 2026. The problem in almost every case traces to the same place: a manufacturing defect at the battery cell supplier.