Auto Financing During and After the Great Recession

Ralf R. Meisenzahl

No 2017-06-22-2, FEDS Notes from Board of Governors of the Federal Reserve System (U.S.)

Abstract: More than half of auto financing is originated by non-bank finance companies that typically rely on short-term funding markets for their own financing. During the recent financial crisis, disruptions in these short-term financing markets reduced the availability of auto credit to consumers, which contributed to the decline in auto sales.

Date: 2017-06-22
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Persistent link: https://EconPapers.repec.org/RePEc:fip:fedgfn:2017-06-22-2

DOI: 10.17016/2380-7172.2015

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