How clients' economic stress impacts auto coverage

How clients' economic stress impacts auto coverage

Photo by iStock/VectorInspiration Auto loans and other car-related expenses are among the economic stressors causing more Canadians to fall behind on their bills, says a new report from Equifax Canada. The auto loan delinquency rate for younger drivers reached 1.95% in the first quarter of 2025 (up 30% from the first quarter of 2024), against an overall rate of 1.08% (up 15.3%) for all consumers in the same period. On average, debt per consumer …