RAPID CITY, SD – While Americans are shouldering a near-record $1.7 trillion in auto loan debt, a new report shows residents across South Dakota are bucking the national trend.
The personal finance company WalletHub released its latest report, “States Where Auto Loan Debt Is Increasing the Most,” which ranked states based on proprietary consumer debt data from the first quarter of 2025 to the second quarter of 2025. South Dakota ranked 49th overall, reflecting a decline in the average auto loan balance for the period.
The average auto loan balance in South Dakota fell by 0.92 percent in Q2 2025 compared to Q1 2025, according to the analysis. This decrease stands in contrast to the national average household auto loan debt of approximately $13,800.
For consumers in South Dakota, the average auto loan balance stood at $18,934 in the second quarter of 2025. The average monthly payment on an auto loan for South Dakota residents during the same period was $465. See the full report on WalletHub: https://wallethub.com/edu/states-where-auto-loan-debt-is-increasing-most/132953