Total Auto Loan balance have doubled from around $800 billion in 2008 to $1.6 trillion in 2023.

Meanwhile, 60-day delinquencies are up past 6% for Subprime while prime auto loans maintain a very low delinquency rate.

Analyst Comment: Regional banks, commercial real estate, freight, tech, residential housing, and auto loans and the most troubled sectors. With layoffs hitting across multiple sectors, in a few months delinquencies will likely climb on mortgages and auto loans, putting additional pressure on banking.