Last month, 6.65% of subprime borrowers were at least 60 days late on their car payments. That’s the highest delinquency rate since the 1990s, according to Fitch Ratings.

Vehicle sticker prices are way up — and so are maintenance and insurance. Plus, Americans are buying bigger cars with more fancy stuff these days.

Since 2020, cost increases have far surpassed inflation, report finds. Prices for insurance and repair have been climbing.