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Subprime auto loans, delinquencies up: Experian

The percentage of auto loans to buyers with the poorest credit ratings is growing faster than the rest of the auto finance market, according to a new report.

Experian Automotives analysis of open auto loans in the fourth quarter raises more questions about the health of the American consumer.

In addition to the growth in subprime and deep subprime auto loans, the report also shows a slight decrease in auto loans one month past due but an increase in auto loans at least 60 days delinquent. In the fourth quarter, 0.77 percent of all auto loans were at least two months past due.

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