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Phoenix666 [soylentnews.org] writes:

Auto loan delinquencies in the fourth quarter hit their highest level since the financial crisis, a report out Thursday revealed [nypost.com].

About $23.27 billion in loans were 30 days or more late as of Dec. 31 — a whopping 14 percent increase from the year earlier and the most since the $23.46 billion in the third quarter of 2008, according to the New York Federal Reserve.

Delinquencies have moved up as the credit quality of the loans has deteriorated and the length of the auto loans has increased — sometimes to 84 months.
...
Delinquencies are the canary in the coal mine when it comes to losses for carmakers.

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