Experian Automotive indicated that 30-day delinquency moved little during the second quarter when compared to the same time a year ago, but the 60-day delinquency reading did deteriorate more noticeably.

According to Experian’s State of the Automotive Finance Market Report, the overall 30-day delinquency rate stood at 2.20 percent at the close of Q2, which represents a 2 basis point improvement year-over-year.

However, second quarter 60-day delinquencies grew by 5 basis points as the rate came in at 0.67 percent.

Drilling deeper into the 60-day delinquency metrics, Experian found that what it classifies as finance companies — institutions that usually do not hold consumer deposits and oftentimes cater to subprime customers — had a rate higher than commercial banks, captives and credit unions combined.

The finance company 60-day delinquency rate came in at 1.55 percent in Q2. Experian determined the rates for banks, captives and credit unions were 0.59 percent, 0.48 percent and 0.29 percent, respectively.

Experian also noted that states where 60-day delinquency is highest remained in the traditional locations for that situation. The top 10 included:

—Maryland: 1.24 percent
—Mississippi: 1.23 percent
—Louisiana: 1.19 percent
—Alabama: 0.93 percent
—Georgia: 0.91 percent
—New Mexico: 0.88 percent
—South Carolina: 0.85 percent
—Texas: 0.83 percent
—Nevada: 0.79 percent
—North Carolina: 0.77 percent