TransUnion’s Industry Insights Report found that tighter underwriting and improvements in the oil states appear to be positively impacting serious auto loan delinquency rates per borrower (60+ DPD). After growing from 1.16% in Q1 2016 to 1.30% in Q1 2017, the serious delinquency rate stayed relatively flat at 1.32% in Q1 2018. The top six states with the largest annual decreases in delinquency rates in Q1 2018 – Alaska, Wyoming, Texas, New Mexico, Oklahoma and North Dakota – are among the eight states where oil, gas, and mining account for 10% or more of gross domestic product.
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