U.S. Markets open in 9 hrs 14 mins

Auto loan delinquencies rise as the cost of monthly payments hit record high

Phil LeBeau

The percentage of auto loans delinquent for more than 60 days rose in the fourth quarter. Overall, less than 1 percent of all auto loans are more than two months behind, well below the historical average. A growing number of borrowers with auto loans are failing to make their monthly payments, according to Experian.