Average Amount Financed for New Car Loans at Finance Companies
DTCTLVENANM • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
39,833.90
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 patterns and the state of the automotive finance 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 a key indicator used by economists and policymakers to understand consumer borrowing behavior and the overall health of the automotive finance industry. It tracks the typical dollar amount that consumers borrow to purchase new vehicles through finance companies.
Methodology
The data is collected and reported by the Federal Reserve based on surveys of financial institutions.
Historical Context
This trend is closely monitored by regulators, automotive manufacturers, and financial analysts to assess consumer demand and credit conditions in the new car market.
Key Facts
- The average amount financed for new car loans reached a record high of $34,372 in 2022.
- Finance companies account for around 30% of new vehicle financing in the United States.
- The trend has shown steady increases over the past decade as vehicle prices have risen.
FAQs
Q: What does this economic trend measure?
A: This trend measures the average dollar amount that consumers borrow to finance the purchase of new vehicles through finance companies in the United States.
Q: Why is this trend relevant for users or analysts?
A: This indicator provides insights into consumer borrowing patterns and the overall health of the automotive finance market, which is crucial for understanding consumer demand and credit conditions.
Q: How is this data collected or calculated?
A: The data is collected and reported by the Federal Reserve based on surveys of financial institutions that provide new car loans.
Q: How is this trend used in economic policy?
A: Regulators, automakers, and financial analysts closely monitor this trend to assess consumer demand and credit conditions in the new car market, which informs economic policy decisions.
Q: Are there update delays or limitations?
A: The data is released monthly by the Federal Reserve with a typical delay of 6-8 weeks. The trend may not capture all financing sources, as it only reflects loans from finance companies.
Related Trends
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STFAFNQ
Average Finance Rate of New Car Loans at Finance Companies, Amount of Finance Weighted
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Business Retail Motor Vehicle Loans Owned by Finance Companies, Flow
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Other Real Estate Loans Securitized by Finance Companies, Level
DTRNONM
Domestic Finance Companies, Gross Real Estate Accounts Receivable Excluding Pools of Securitized Real Estate Assets, Flow
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Business Equipment Leases Owned by Finance Companies, Level
DTBOERNM
Citation
U.S. Federal Reserve, Average Amount Financed for New Car Loans at Finance Companies (DTCTLVENANM), retrieved from FRED.