U.S. auto buyers are falling behind on their car payments at record rates, with almost 7 percent now 60 days behind and 3 percent 90 days behind, per Bloomberg.

The New York Fed reported in February that among all borrowers of auto loans, the share of borrowers who entered serious delinquency with payments at least 90 days past due increased to 3% in the fourth quarter of 2024, which was the highest level since 2010.

If you feel like it’s hard to keep up with financial obligations like your car payment lately, you’re not alone. Data shows more people are behind on payments for their vehicle than at any time in the last 30 years,

A new report has found that Americans are missing their car payments at a rate not seen in more than 30 years as borrowers are finding themselves unable to afford the vehicle they purchased.