Editor's note: Equifax provided some of the data cited in this story. The headline on an earlier version of this story incorrectly attributed the data to another company.
Recent reports show more auto borrowers are having difficulty keeping up with loans, but default rates are still below pre-pandemic levels.
that 1.63 percent of auto loans hadn't seen a payment in at least 60 days, up 0.4 percentage point from a year earlier and from the pre-pandemic second quarter of 2019.
TransUnion Senior Vice President Satyan Merchant told Automotive News that "a lot of that increase can be attributed to changes in recent origination patterns."