Subprime Auto Loan Delinquency Rate Hits 32-Year High of 6.8% in Early 2026

Macro Impact 4
โดย The Motley Fool·Read original
Summary · why it matters

The subprime auto loan delinquency rate began 2026 at around 6.8%, its worst level in 32 years. The 60-day delinquency rate remains elevated, higher than during the Great Recession, signaling ongoing stress for lenders focused on high-risk borrowers. Companies like OneMain Holdings and Credit Acceptance have reported weakening credit metrics, with OneMain's charge-offs rising to 8.02% year over year and Credit Acceptance seeing underperformance in loans originated from 2021 through 2026. In contrast, Capital One Financial, which maintains a more stringent lending approach, saw its combined 30-day delinquency rate decline to 3.24% and its auto loan delinquency rate drop to 4.21%, while delinquency rates for higher-quality auto loans remain near historically low levels.

Impact on stocks 4

Financials± Mixed · 3 stocks
Credit Acceptance Corporation
CACC
▼ NegativeDemandrelevance

Credit Acceptance reported underperformance in loans originated from 2021 through 2026, indicating worsening borrower credit quality.

OneMain Holdings Inc
OMF
▼ NegativeDemandrelevance

OneMain's charge-offs rose to 8.02% year over year, signaling weakening credit metrics.

Consumer Discretionary▲ · 1 stocks
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