SCHAUMBURG, Ill. –

Experian’s latest State of the Automotive Finance Market Report showed delinquency rates on auto financing declined during the first quarter.

Experian determined 30-day delinquencies decreased from 1.98% in Q1 of last year to 1.93% in Q1 of this year, while 60-day delinquencies dropped from 0.68% to 0.67% during the same time frame.

A deeper dive into the report also revealed the Top 10 states that posted the highest rates of 30-day delinquencies and 60-day delinquencies. According to Experian, the rundown is as follows:

30-day Delinquencies

1. Maryland: 3.44%
2. Mississippi: 3.14%
3. Louisiana: 2.86%
4. Georgia: 2.63%
5. South Carolina: 2.49%
6. Alabama: 2.47%
7. Texas: 2.28%
8. New Mexico: 2.26%
9. North Carolina: 2.18%
10. Arkansas: 2.07%

60-day Delinquencies

1. Maryland: 1.59%
2. Mississippi: 1.20%
3. Louisiana: 1.09%
4. Georgia: 1.01%
5. South Carolina: 0.89%
6. Alabama: 0.87%
7. New Mexico: 0.79%
8. North Carolina: 0.75%
9. Nevada: 0.74%
10. Florida: 0.73%
10. Texas: 0.73%