Between 2015 and 2020, average car loans in the United States have increased in size year-on-year for new cars. The average amount of new car financing in the U.S. amounted to 35,228 U.S. dollars in the fourth quarter of 2020. This trend can also be seen in the size of used car loans during the same period.
Average amount of new car financing in the United States from 2015 to 2020
(in U.S. dollars)
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Experian. (March 31, 2021). Average amount of new car financing in the United States from 2015 to 2020 (in U.S. dollars) [Graph]. In Statista. Retrieved July 05, 2022, from https://www.statista.com/statistics/453322/average-new-automobile-financing-amount-usa/
Experian. "Average amount of new car financing in the United States from 2015 to 2020 (in U.S. dollars)." Chart. March 31, 2021. Statista. Accessed July 05, 2022. https://www.statista.com/statistics/453322/average-new-automobile-financing-amount-usa/
Experian. (2021). Average amount of new car financing in the United States from 2015 to 2020 (in U.S. dollars). Statista. Statista Inc.. Accessed: July 05, 2022. https://www.statista.com/statistics/453322/average-new-automobile-financing-amount-usa/
Experian. "Average Amount of New Car Financing in The United States from 2015 to 2020 (in U.S. Dollars)." Statista, Statista Inc., 31 Mar 2021, https://www.statista.com/statistics/453322/average-new-automobile-financing-amount-usa/
Experian, Average amount of new car financing in the United States from 2015 to 2020 (in U.S. dollars) Statista, https://www.statista.com/statistics/453322/average-new-automobile-financing-amount-usa/ (last visited July 05, 2022)
