The number of auto loans that were 60 days or more past due climbed 11.5 percent in the second quarter of 2008, compared to last year, according to TransUnion.
The rate rose to 0.68 percent of outstanding loans, from 0.61 percent in 2007’s second quarter.
Delinquencies increased 0.03 percent from the first quarter of 2008, reports the AP and MSNBC.
Washington D.C. had the highest rate of delinquency at 1.41 percent, then Mississippi, at 1.25 percent. The states with the lowest auto-loan delinquency rates were Alaska, at 0.22 percent, North Dakota, at 0.30 percent and Wyoming, at 0.41 percent.