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Americans are borrowing more to pay for their cars, but they’re also increasingly struggling to make their car payments.

More Americans can’t make their car payments

According to data released Monday from Transunion, the auto loan delinquency rate (the ratio of borrowers 60 days or more delinquent on their auto loans) has jumped 13% from the third quarter of last year to the third quarter of this year — with just two states (Hawaii and Oklahoma) bucking the trend. Furthermore, auto-loan debt rose for the 14th straight quarter to $17,352 (from $16,694 a year ago), with total debt per borrower rising in every state. It’s younger Americans (though, to many people’s surprise, not millennials) who are having the most trouble paying those bills. The highest delinquency rate is for those in the 30 to 39 age group, closely followed by those under 30, who actually saw the highest jump in delinquency rates from the previous year.


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