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Then (2009) and Now (2015)
Posted on: 01/06/2016
According to TransUnion the average auto loan debt per borrower in Q4-2009 was $14,956. The average 60+ day delinquency rate was 1.54.
The current average auto loan debt per borrower in Q4-2015 has reached a projected amount of $17,985. That is an increase of over $3,000 per loan and it is expected to reach $18,509 in Q4-2016. The average 60+ day delinquency rate in the last quarter of 2015 was 1.11.