The ratio of borrowers that are 60 more days past due on their auto loans continue to remain at near historic low levels.
According to TransUnion, the national auto loan delinquency rate ended 2012 at 0.41%. While the delinquency rate rose from 0.38% in third quarter of 2012, it dropped five basis points from the end of 2011 when the delinquency rate was 0.46%.
Twenty-eight states experienced increases in their auto delinquency rates, between Q3 2012 and Q4 2012, TransUnion's data showed. However, on a year-over-year basis only 14 states experienced increases in their auto delinquency rates. On a more granular level, 52.5% of metropolitan areas saw decreases in their auto delinquency rates between Q4 2011 and Q4 2012.
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