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Auto loan balances in the U.S. hit a record high $1.28 trillion in Q1 2018.
The average state-wide auto debt load per capita hit $4.7K
This is a 67 percent increase over the last six years
The flow into serious delinquency is up to 2.4 percent, up from 1.5 percent in 2012
The data comes from the Federal Reserve’s New York branch, which puts out quarterly reports on household debt and credit for all 50 states. For this report, we will look at
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