FI showroom red and grey logo
MenuMENU
SearchSEARCH

Delinquencies Up in Q2, the ABA Reports

The American Bankers Association found that delinquencies across all credit segments rose six basis points in the second quarter. Overall, delinquencies remain significantly below their 15-year average.

by Staff
October 15, 2013
2 min to read


WASHINGTON — Consumer delinquencies rose slightly across most loan categories in the second quarter, according to the American Bankers Association (ABA). The trade group, however, noted that delinquencies remain significantly below their 15-year average.

The association’s composite ratio, which tracks delinquencies in eight closed-end installment loan categories, rose six basis points to 1.76 percent of all accounts in the second quarter. Despite this increase, the ratio is still 25 percent below the 15-year average of 2.36 percent.  

Ad Loading...

Bank card delinquencies remained virtually unchanged, according to the ABA — rising one basis point to 2.42 percent of all accounts in the second quarter, 37 percent below their 15-year average of 3.85 percent.

James Chessen, the ABA’s chief economist, attributed the slight uptick in delinquencies to a sluggish economy and a limit to how much consumers can improve their financial positions.

“A leveling off in delinquency rates was inevitable after a four-year downward trend that saw consumers reduce debt and dramatically improve their personal balance sheets,” Chessen said. “The good news is that delinquency rates remain near historical lows and are unlikely to spike in the near future.”

 The second quarter 2013 composite ratio is made up of the following eight closed-end loans (All figures are seasonally adjusted based upon the number of accounts):

Closed-End Loans

Ad Loading...
  • Personal loan delinquencies rose from 1.82 percent to 1.94 percent.

  • Direct auto loan delinquencies fell from 0.91 percent to 0.88 percent.

  • Indirect auto loan delinquencies rose from 1.66 percent to 1.72 percent.

  • Mobile home delinquencies rose from 3.92 percent to 3.96 percent.

  • RV loan delinquencies held steady at 1.20 percent.

  • Marine loan delinquencies rose from 1.50 percent to 1.55 percent.

  • Property improvement loan delinquencies rose from 0.74 percent to 0.80 percent.

  • Home equity loan delinquencies rose from 3.72 percent to 3.83 percent.

In addition, ABA tracks three open-end loan categories:

Open-End Loans

  • Bank card delinquencies rose from 2.41 percent to 2.42 percent

  • Home equity lines of credit delinquencies fell from 1.91 percent to 1.90 percent.

  • Non-card revolving loan delinquencies rose from 1.19 percent to 1.58 percent.

More F&I

Red toy car sitting on top of coins.
Auto Financeby Lauren LawrenceJune 24, 2026

Smaller Loans, Longer Terms

The youngest generation of car buyers is more likely to finance less expensive vehicles, more than half of generation Z consumers borrowing less than $25,000.

Read More →
Under the hood of a Toyota Prius EV Hybrid car.
F&Iby StaffJune 15, 2026

New Lifetime Battery F&I Product Meant to Drive Dealer Traffic

EFG Cos. offering is intended to create lifetime auto dealer engagement with customers.

Read More →
Several illustrations of question marks on a surface
F&IJune 10, 2026

The Psychology Behind Menus That Increase Add-On Sales

There is a science to crafting a menu that gives customers confidence in the choices presented, and moving the process outside the F&I office can further boost results.

Read More →
Ad Loading...
Man holding magnifying glass over sales volume paper.
F&IMay 29, 2026

Why Your F&I PVR Is Misleading You

Here’s a handy checklist of the numbers to track in 2026 instead.

Read More →
Photo of woman typing on a laptop as she sits on a couch
F&Iby Hannah MitchellMay 29, 2026

Auto Consumer Anxiety Presents Opportunity

A survey of U.S. drivers found the majority are concerned about finances and the economy, but those fears make many ready to buy vehicle-protection products.

Read More →
Dustin Gingerich standing on stage giving a presentation
F&Iby Lauren LawrenceMay 28, 2026

Humble and Hungry: 12 Rules for an F&I Life

Dustin Gingerich, with a decade in the F&I business under his belt, shares his thoughts on leadership, building trust with customers, and the importance of learning and innovation.

Read More →
Ad Loading...
Photo of businessman's hands resting on files on a desk
F&Iby John TabarMay 27, 2026

Focus on the Opening

F&I managers must learn as much as possible about their customers, starting before they walk into their offices. The bulk of today’s consumers expect that, and good results will follow.

Read More →
Photo of a three-seat vehicle back seat
F&Iby Hannah MitchellMay 22, 2026

F&I Reaches for the Sky

The increasingly important profit center continued making gains in the first quarter, according to StoneEagle data, ancillary products proving more popular as consumers hold onto their buys longer.

Read More →
Cover image for a BOK Financial report titled “Timing the market: How avoiding volatility entirely can hurt long-term reinsurance program performance.” The image shows several road construction barricades with flashing amber warning lights lined up in a nighttime work zone. Beneath the image, red text explains that avoiding volatility can mean falling behind inflation and missing market rebounds that drive long-term surplus growth. The BOK Financial logo appears at the bottom right.
SponsoredMay 8, 2026

What Market Timing Mistakes Mean for Your Reinsurance Program

When volatility hits, dealer-owned reinsurance programs face a familiar temptation: pull back and wait for calmer waters. New data from BOK Financial shows why that instinct can quietly cost you years of surplus growth.

Read More →
Ad Loading...
Ryan Ruff, The 90/10 Rule, Automotive Training Academy, Sales Series
F&IMay 6, 2026

The 90/10 Rule

In this video, Ryan Ruff explains the rule that elite sales professionals use to turn ordinary conversations into unforgettable customer experiences.

Read More →