Putting Automobile Debt on the Map: Race and the Geography of Automobile Debt in California

Evelyn Blumenberg, Samuel Speroni, Fariba Siddiq and Jacob L. Wasserman

Transportation Research Part A: Policy and Practice, 2024, vol. 190, issue C

Abstract: Most U.S. metropolitan areas developed alongside the automobile, producing neighborhoods of relatively low density. Consequently, access to opportunities in these neighborhoods is predicated on having an automobile, yet many households do not have the resources to purchase one outright, relying on automobile loans to spread out the purchase price. While automobile loans can enable automobile ownership, they also significantly increase the vehicle purchase price, particularly for non-white consumers subject to discriminatory lending practices.

Keywords: Automobile debt; Race; Income; Loan delinquencies (search for similar items in EconPapers)
Date: 2024
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DOI: 10.1016/j.tra.2024.104230

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