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Texans Help Drive National Increase in Auto Loan Debt

Wenhua Di

Southwest Economy, 2019, issue Q3, 3-8

Abstract: Despite strong economic growth in recent years, Texas auto loan delinquency rates have risen to levels approaching those seen just after the Great Recession. A recent drop in the subprime share of auto loan originations? typically involving less-creditworthy buyers? suggests delinquency rates are likely to fall. However, risks remain elevated because of factors including longer loan duration and young borrowers? increasing student loan indebtedness.

Date: 2019
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Handle: RePEc:fip:feddse:00160