According to The Kobeissi Letter, new 90+ day delinquencies for auto loans have increased to approximately 3%, marking the highest level in 15 years, and serious delinquency rates are rising at their fastest pace since 2008. Mortgage delinquencies are also on the rise, indicating widening financial distress which may impact credit markets and investor confidence.

According to The Kobeissi Letter, the share of subprime car borrowers at least 60 days past due on their loans reached 6.6% in January, marking the highest level in at least 30 years. This figure has doubled over the last 3.5 years, surpassing delinquency rates seen in 2020, 2008, and previous peaks. This trend indicates increasing financial stress among subprime borrowers, which could have broader implications for the auto loan market and related financial sectors.