Recovery professionals often see the greatest saturation of 60-day delinquencies within states near or along the Gulf of Mexico.
While a pair of those states constituted two of the top three as tracked by Experian Automotive, the state that registered the highest 60-day delinquency rate as of the third quarter actually sits against the Chesapeake Bay.
According to Experian’s latest State of the Automotive Finance Market report, Maryland led the nation with the highest 60-day day delinquency rate at 1.63 percent.
Gulf Coast states Louisiana and Mississippi weren’t far off that pace at 1.35 percent and 1.37 percent, respectively.
Here is the complete top 10 as Experian reported:
1. Maryland: 1.63 percent
2. Mississippi: 1.37 percent
3. Louisiana: 1.35 percent
4. New Mexico: 1.04 percent
5. South Carolina: 1.03 percent
6. Georgia: 1.02 percent
7. Alabama: 0.99 percent
8. Texas: 0.93 percent
9. Nevada: 0.86 percent
10. (Tied) Arkansas, Florida and North Carolina: 0.85 percent