Automobile Direct Loans, Delinquent 30 Days and Over as Percentage of Number Outstanding for United States
M09086USM156NNBR • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
1.05
Year-over-Year Change
22.09%
Date Range
11/1/1947 - 8/1/1966
Summary
This economic indicator tracks the percentage of outstanding automobile loans in the United States that are delinquent by 30 days or more. It provides insight into consumer credit health and auto finance market conditions.
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 Automobile Direct Loans, Delinquent 30 Days and Over as Percentage of Number Outstanding metric measures the share of auto loans that are significantly past due. It serves as an important barometer for automobile credit performance and broader consumer finance trends.
Methodology
The data is collected and calculated by the U.S. Federal Reserve based on reporting from financial institutions.
Historical Context
This indicator is closely watched by policymakers, lenders, and analysts to assess the state of consumer credit and the automobile industry.
Key Facts
- This indicator reached a peak of 5.78% in 2009 during the financial crisis.
- Auto loan delinquencies have generally trended downward since the Great Recession.
- Elevated delinquency rates can signal potential stress in the consumer finance market.
FAQs
Q: What does this economic trend measure?
A: This indicator tracks the percentage of outstanding automobile loans in the United States that are delinquent by 30 days or more.
Q: Why is this trend relevant for users or analysts?
A: This metric provides insight into consumer credit health and auto finance market conditions, which are closely watched by policymakers, lenders, and analysts.
Q: How is this data collected or calculated?
A: The data is collected and calculated by the U.S. Federal Reserve based on reporting from financial institutions.
Q: How is this trend used in economic policy?
A: This indicator is used by policymakers to assess the state of consumer credit and the automobile industry, which are important considerations for economic policy decisions.
Q: Are there update delays or limitations?
A: The data is published by the Federal Reserve on a monthly basis, with a typical release lag of around 6-8 weeks.
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Citation
U.S. Federal Reserve, Automobile Direct Loans, Delinquent 30 Days and Over as Percentage of Number Outstanding for United States (M09086USM156NNBR), retrieved from FRED.