Average Maturity of Used Car Loans at Finance Companies, Amount of Finance Weighted
This dataset tracks average maturity of used car loans at finance companies, amount of finance weighted over time.
Latest Value
65.51
Year-over-Year Change
-1.04%
Date Range
3/1/2008 - 3/1/2025
Summary
This economic trend measures the average maturity of used car loans at finance companies, weighted by the amount of finance. It provides insights into the lending practices and financing options available for consumers purchasing used vehicles.
Analysis & Context
This economic indicator provides valuable insights into current market conditions and economic trends. The data is updated regularly by the Federal Reserve and represents one of the most reliable sources for economic analysis.
Understanding this metric helps economists, policymakers, and investors make informed decisions about economic conditions and future trends. The interactive chart above allows you to explore historical patterns and identify key trends over time.
About This Dataset
The average maturity of used car loans at finance companies is an important indicator for understanding the dynamics of the used car market and consumer financing trends. It reflects the typical duration of loan agreements, which can impact affordability, debt levels, and the overall health of the automotive industry.
Methodology
The data is collected by the U.S. Federal Reserve through surveys of finance companies.
Historical Context
Policymakers and economists use this trend to assess the accessibility and affordability of used vehicle financing.
Key Facts
- The average maturity of used car loans has increased over time.
- Longer loan terms can make used vehicles more affordable for consumers.
- The trend reflects changes in lending practices and consumer preferences.
FAQs
Q: What does this economic trend measure?
A: This trend measures the average maturity, or duration, of used car loans at finance companies, weighted by the amount of finance provided.
Q: Why is this trend relevant for users or analysts?
A: The average maturity of used car loans is an important indicator for understanding consumer financing trends and the affordability of used vehicles in the automotive market.
Q: How is this data collected or calculated?
A: The data is collected by the U.S. Federal Reserve through surveys of finance companies.
Q: How is this trend used in economic policy?
A: Policymakers and economists use this trend to assess the accessibility and affordability of used vehicle financing, which can inform decisions and policies related to the automotive industry and consumer spending.
Q: Are there update delays or limitations?
A: The data is published by the Federal Reserve on a regular basis, but there may be some delays in reporting or potential limitations in the scope of the survey.
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Citation
U.S. Federal Reserve, Average Maturity of Used Car Loans at Finance Companies, Amount of Finance Weighted (DTCTLVEUMNM), retrieved from FRED.