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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.

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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.

Gardner Business Media - Strategic Business Solutions