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Value of car loans originated in the U.S. 2007-2022, by age

Published by Statista Research Department, Oct 28, 2022
The value of car loans originated in the United States in 2022 was evenly distributed across different age groups. Individuals of 70 years or older were by far the ones with the least amount of new loans. Borrowers in their 30s and 40s were the ones with most car loan originations. Meanwhile, in the past years, U.S. car loans with a credit score of over 760 made up most of the automobile financing.

Value of car loans originated in the United States from 2007 to 2022, by age (in billion U.S. dollars)

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Sources

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Release date

August 2022

Region

United States

Survey time period

2007 to 2022

Supplementary notes

* The data only includes the first half of that year.

Figures may not add up to total, because the age was not available for all borrowers.

Annual totals calculated by Statista using the data from the source.

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Statistics on " Car financing and leasing in the United States "

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Statistics on Car financing and leasing in the United States

Car loans

7

Car leases

4

Interest rates

4

Payments & maturity

6

Risk and delinquency

6

Further related statistics

21

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Topics

Car financing and leasing in the U.S.Personal savings in the United StatesFinancial markets in the U.S.Commercial vehicles worldwideVehicles in use in the U.S.
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