States Where Auto Loan Debt Is Increasing the Most – WalletHub Study

With Americans owning nearly $1.6 trillion in auto loan debt (over $13,400 per household), the personal-finance website WalletHub today released its report on the States Where Auto Loan Debt Is Increasing the Most. WalletHub ranked the states with the largest auto loan debt increases based on its proprietary data on consumer debt from Q3 2023 to Q4 2023.

Biggest Increase Smallest Increase
1. Wyoming 41. Ohio
2. South Dakota 42. Nevada
3. Texas 43. Oregon
4. Delaware 44. West Virginia
5. Minnesota 45. Michigan
6. North Dakota 46. Connecticut
7. Colorado 47. Montana
8. Florida 48. Utah
9. Alaska 49. Missouri
10. Arizona 50. Rhode Island

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