By Ben Glickman

Americans are struggling with their car debt, but big auto lenders aren't showing signs of stress.

-- Ally Financial, one of the largest car finance companies, reported that the portion of consumer auto loans more than 30 days delinquent fell to 3.69% in the first quarter, from 4.24% in the fourth quarter. Net charge-offs, a measure of how many loans are considered uncollectable, also fell.

-- Other major auto lenders, including JPMorgan Chase and Capital One, reported similar improvements in auto loan quality. At Capital One, the 30 day delinquency rate on auto loans fell more than one percentage point to 4.21%.

It's a sign that big lenders have yet to feel the sting of pockets of distress among borrowers. A portion of consumers are carrying increasingly large negative equity on vehicles-when they owe more on their car or truck than it's worth. The share of subprime borrowers falling behind on car payments hovers near record levels.

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(END) Dow Jones Newswires

April 27, 2026 11:08 ET (15:08 GMT)

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