A record 7 million Americans are 90 days or more behind on their car loans. While more than 5.8 million were delinquent during the Great Recession, as a percentage of auto loans outstanding, today’s rate is 4.5% vs 5.3% at the 2010 peak. While this is a growing problem, auto loans total $1 trillion, much smaller than the $9 trillion home mortgage market where delinquencies are at an 18-year low.