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.


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