Auto Finance Balances Increase Featured

By Staff Writer February 08, 2019 586

Auto finance balances showed an increase in the Federal Reserve Bank of New York’s Center for Microeconomic Data’s recently issued quarterly report on household debt and credit.

The balance increased by $27 billion to $1.27 trillion.

The number of consumers going into serious delinquency (90 days or more delinquent) remained flat at 2.3 percent.

The number of credit inquiries within the past six months - an indicator of consumer credit demand - increased slightly, but remains among the lowest seen in the history of the data.

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Last modified on Friday, 08 February 2019 00:53