Just Released: Who Is Driving the Auto Lending Recovery?

Andrew Haughwout, Donghoon Lee, Joelle Scally and Wilbert van der Klaauw

No 20130814a, Liberty Street Economics from Federal Reserve Bank of New York

Abstract: This morning, the New York Fed released its Quarterly Report on Household Debt and Credit for the second quarter of 2013. It shows a $78 billion decline in overall household debt from the previous period. Delinquency rates improved considerably, with the overall ninety-plus day delinquency rate falling to 5.7 percent, the lowest it has been since mid-2008. The Quarterly Report is based on data from the New York Fed’s Consumer Credit Panel, a nationally representative sample drawn from anonymized Equifax credit data.

Keywords: subprime; auto loans; household credit (search for similar items in EconPapers)
JEL-codes: D1 (search for similar items in EconPapers)
Date: 2013-08-14
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