Average Amount Financed for Used Car Loans at Finance Companies : 23923.01 (As of 2024-07-01)
Historical Data
Basic Info
Average Amount Financed for Used Car Loans at Finance Companies was 23923.01 as of 2024-07-01, according to The Federal Reserve. Historically, Average Amount Financed for Used Car Loans at Finance Companies reached a record high of 25401.15 and a record low of 15980.77, the median value is 17307.45. Typical value range is from 16 to 23. The Year-Over-Year growth is -2.74%. GuruFocus provides the current actual value, an historical data chart and related indicators for Average Amount Financed for Used Car Loans at Finance Companies - last updated on 2024-07-01.
The Average Amount Financed for Used Car Loans at Finance Companies measures the typical loan amount that consumers finance through finance companies when purchasing used vehicles. This metric provides insight into consumer borrowing patterns and trends in the used car market, indicating the average cost consumers are willing or able to finance for used vehicles. Quarterly , not seasonally adjusted . For further information, please refer to the Board of Governors of the Federal Reserve System's G.20 release, online at http://www.federalreserve.gov/releases/g20/.
| Category | Production & Business Activity |
| Region | USA |
| Source | The Federal Reserve |
Stats
| Name | Value | ||
|---|---|---|---|
| Last Value | 23923.01 | ||
| Latest Period | 2024-07-01 | ||
| Long Term Average | 20,013.98 | ||
| Average Annualized Growth Rate | +2.07% | ||
| Value from 1 year ago | 24597.67 | ||
| Change from 1 year ago | -2.74% | ||
| Frequency | Quarterly | ||
| Unit | USD | ||
| Download Source | DTCTLVEUANQ.txt |
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