Americans now carry nearly $1.7 trillion in auto loan debt, with the average household owing about $13,800. The personal finance company WalletHub has released its latest report highlighting the States Where Auto Loan Debt Is Increasing the Most. Using proprietary consumer debt data, WalletHub ranked the states that saw the largest increases in auto loan debt from Q1 2025 to Q2 2025.
| Biggest Increase | Smallest Increase |
| 1. Vermont | 41. Virginia |
| 2. Delaware | 42. Minnesota |
| 3. New Mexico | 43. Kentucky |
| 4. Idaho | 44. Iowa |
| 5. Utah | 45. South Carolina |
| 6. Texas | 46. Arkansas |
| 7. Arizona | 47. Oregon |
| 8. Wyoming | 48. Hawaii |
| 9. New Jersey | 49. South Dakota |
| 10. Florida | 50. Ohio |
For the full report, please visit:
https://wallethub.com/edu/
“From Q1 2025 to Q2 2025, residents of most states either had a less than 1% increase in their average auto loan balance, or actually had that average decrease. A few states had more dramatic increases, reaching nearly 2.4%, which suggests that people in some states are more affected by inflation in car prices or are biting off more than they can chew when it comes to loans.”
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“Vermont residents have seen the highest increase in their average auto loan balance, which now stands at $21,792, and reached that number after increasing their average by over 1.8% between Q1 2025 and Q2 2025. Vermont residents pay the ninth-highest monthly auto loan amount, averaging $539, the climb underscores the growing financial strain of vehicle debt in the state.”
- John Kiernan, WalletHub Editor
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