US auto loan delinquency rates keep on surging: Subprime auto loan delinquency rates just crossed above 5% for the first time in history. Since 2022, the 60-day delinquency rate for subprime auto loans has more than DOUBLED. Delinquency rates are now above the peak levels recorded in 2008 and 2020. Furthermore, prime auto loan 60-day delinquencies have risen to their highest in 14 years. All while the share of auto loan balances at least 90 days past due hit 5% in Q1 2025, in-line with the 2020 pandemic high. The car market bubble is bursting.