Auto Debt Rises 3.3% to $1.7 Trillion in August, Equifax Says
Bitget2026/11/02 19:16- Outstanding auto debt rose 3.3% year over year to $1.7 trillion in August 2026, driven by larger loan balances.
- Auto loan originations fell 1.9% year to date through June 2026; total original loan balances increased 3.5%.
- Credit unions expanded outstanding auto balances 7% year over year, while captive lenders recorded a 1.7% contraction.
- The share of accounts at least 60 days past due declined 10.9% year over year to 1.7% in August.
- Early-payment defaults remained a concern even among super-prime borrowers, highlighting risks traditional credit scores may not capture.
Disclaimer: The content of this article solely reflects the author's opinion and does not represent the platform in any capacity. This article is not intended to serve as a reference for making investment decisions.
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