Average Amount Financed for New Car Loans at Finance Companies
This dataset tracks average amount financed for new car loans at finance companies over time.
Latest Value
39833.90
Year-over-Year Change
4.85%
Date Range
3/1/2008 - 3/1/2025
Summary
This economic trend measures the average amount financed for new car loans at finance companies in the United States. It provides insights into consumer borrowing and spending patterns in the automobile market.
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 amount financed for new car loans at finance companies is an important indicator of consumer demand and access to credit in the automotive industry. It reflects the typical loan size and helps analysts understand affordability trends and financing conditions for new vehicle purchases.
Methodology
The data is collected and published by the U.S. Federal Reserve through its G.20 release on consumer credit.
Historical Context
This trend is closely monitored by policymakers, automakers, and financial institutions to assess the health of the consumer auto market.
Key Facts
- The average amount financed reached a record high of $35,739 in 2021.
- Financing terms have lengthened, with the average loan duration now over 69 months.
- Demand for new vehicles remains strong despite rising interest rates.
FAQs
Q: What does this economic trend measure?
A: This trend measures the average dollar amount that consumers borrow to finance the purchase of a new car from finance companies.
Q: Why is this trend relevant for users or analysts?
A: The average amount financed provides insights into consumer demand, affordability, and credit conditions in the new car market, which are important for automakers, lenders, and policymakers.
Q: How is this data collected or calculated?
A: The data is collected and published by the U.S. Federal Reserve through its G.20 release on consumer credit.
Q: How is this trend used in economic policy?
A: Policymakers and regulators monitor this trend to assess the health of the consumer auto market and make informed decisions about monetary policy, lending standards, and other economic interventions.
Q: Are there update delays or limitations?
A: The data is published monthly by the Federal Reserve with a typical lag of 1-2 months.
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Citation
U.S. Federal Reserve, Average Amount Financed for New Car Loans at Finance Companies (G20TERMSDTCTLVENANM), retrieved from FRED.