Auto Debt Rises 3.3% to $1.7 Trillion in August, Equifax Says

PUBT · 1d ago
Auto Debt Rises 3.3% to $1.7 Trillion in August, Equifax Says
  • Outstanding auto debt rose 3.3% year over year to $1.7 trillion in August 2026, driven by larger loan balances.
  • Auto loan originations fell 1.9% year to date through June 2026; total original loan balances increased 3.5%.
  • Credit unions expanded outstanding auto balances 7% year over year, while captive lenders recorded a 1.7% contraction.
  • The share of accounts at least 60 days past due declined 10.9% year over year to 1.7% in August.
  • Early-payment defaults remained a concern even among super-prime borrowers, highlighting risks traditional credit scores may not capture.


Disclaimer: This news brief was created by Public Technologies (PUBT) using generative artificial intelligence. While PUBT strives to provide accurate and timely information, this AI-generated content is for informational purposes only and should not be interpreted as financial, investment, or legal advice. Equifax Inc. published the original content used to generate this news brief on November 02, 2026, and is solely responsible for the information contained therein.