LOGAN — Americans now owe nearly $1.7 trillion in auto loan debt, and Utahns are among those seeing some of the fastest growth, according to a new WalletHub report released this month.

The personal finance company ranked Utah fifth in the nation for increases in average auto loan balances from the first to the second quarter of 2025. The state’s average auto loan balance rose 1.49%, reaching $20,849, with an average monthly payment of $518.

Neighboring states also saw steep jumps — New Mexico ranked third, Idaho fourth, Arizona seventh, Wyoming eighth, and Colorado 13th — suggesting a regional trend in rising vehicle debt across the Mountain West.

WalletHub editor John Kiernan said a small number of states are seeing “more dramatic increases, reaching nearly 2.4%, which suggests that pe

See Full Page