And lying (or twisting the truth) is exactly what some people are doing with the Fed's recently released data regarding auto loan delinquencies. Here's what those people won't tell you: The share of auto loan borrowers who were three months behind on their payments peaked at 5.3% in late 2010. The Numbers Don't Add UpA recent article on the Knowledge@Wharton site titled Is a Subprime Auto Loan Crisis Brewing? In any case, the bottom line is this: the absolute number of delinquent auto loan borrowers is not the crisis some would make it out to be. These percentages would suggest that the overall auto loan stock is the highest quality that we have observed since our data began in 2000."

Source: Forbes February 21, 2019 12:56 UTC