U.S. Automobile Loans Fall 1-Percent in April Signaling a Rapid Change in Loan Demand.

Total automobile loans in dollar terms fell every week of April, signaling weakening demand for vehicle financing.

Data from U.S. commercial banks through April 29th, 2020 reported a $4-Billion decline in total automobile loans over the prior 4-week period.  Although the change over the course of the 4-weeks represents slightly less than a 1-percent change in the total, it represents a relatively rapid decline in loan demand compared to past movements of the data series.  

Data provided by the Federal Reserve as reported by YCharts.

Reports

Top Shops

‘Top Shops’ is a benchmarking and recognition program designed to help shops build their business.

World Machine Tool Survey

An independent annual survey that collects statistics from machine tool consuming and producing countries and compares them in real U.S. dollars.

Capital Spending Survey

An annual survey that collects statistics regarding budgeted spending on machine tools, testing equipment, software and more.

Gardner Business Index

A diffusion index measuring month-to-month changes in activity at durable goods and discrete parts manufacturing facilities.