3 states post 60-day delinquency rate above 1 percent in Q2
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SCHAUMBURG, Ill. –
Only three states posted 60-day delinquency rates above 1 percent during the second quarter, according to Experian’s State of the Automotive Finance Market report.
Overall, analysts found that 60-day delinquencies dropped by 3 basis points year-over-year, settling at 0.64 percent during Q2.
The top 10 states for delinquency all generated readings above the overall industry rate. Here is the rundown from Experian:
1. Mississippi: 1.14 percent
2. Maryland: 1.10 percent
3. Louisiana: 1.08 percent
4. Georgia: 0.88 percent
5. South Carolina: 0.85 percent
6. Alabama: 0.84 percent
7. New Mexico: 0.84 percent
8. Arkansas: 0.74 percent
9. North Carolina: 0.71 percent
10. Texas: 0.71 percent
