6 states where Q3 delinquency rose at least 19%
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CHICAGO –
TransUnion’s Q3 2016 Industry Insights Report powered by Prama analytics showed auto finance delinquency, for consumers 60 days or more past due, reached 1.33 percent during the third quarter, up from 1.19 percent in Q3 of 2015.
The report indicated that 38 of the 50 states posted year-over-year delinquency rises of more than 10 percent.
Making the most significant jump compared to the third quarter last year was North Dakota, which saw its delinquency rate spike 35.9 percent to 0.95 percent.
Other states that watched their 60-day delinquency rates move notably higher included:
—Montana: up 22.9 percent to 1.01 percent
—Texas: up 21.4 percent to 1.86 percent
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—South Dakota: up 20.1 percent to 1.07 percent
—Oregon: up 19.2 percent to 0.63 percent
—Louisiana: up 19.1 percent to 2.83 percent
—Missouri: up 19.1 percent to 1.55 percent
—West Virginia: up 16.6 percent to 1.66 percent
—Nebraska: up 16.0 percent to 1.02 percent
While Louisiana’s rate represented the nation’s highest, Oregon held the country’s lowest rate despite being among the largest year-over-year increases.
