In early 2024, Texas was one of the U.S. states with the highest debt balances from car loans. The car loan debt balance per capita in the United States as a whole was 5,6500 U.S. dollars. That figure is the result of dividing the total debt balance for that type of loan by the number of people living in the U.S., even those who do not have any car loan debt at all. That means that this figure is not representative of the amount of debt that an individual with a car loan has. In fact, the average car loan debt of people with some debt of that type in the U.S. is significantly higher.
Auto loan balance per capita in selected U.S. states in 1st quarter 2024
(in 1,000 U.S. dollars)
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New York Fed. (May 31, 2024). Auto loan balance per capita in selected U.S. states in 1st quarter 2024 (in 1,000 U.S. dollars) [Graph]. In Statista. Retrieved December 21, 2024, from https://www.statista.com/statistics/1281691/average-auto-loan-debt-usa-by-state/
New York Fed. "Auto loan balance per capita in selected U.S. states in 1st quarter 2024 (in 1,000 U.S. dollars)." Chart. May 31, 2024. Statista. Accessed December 21, 2024. https://www.statista.com/statistics/1281691/average-auto-loan-debt-usa-by-state/
New York Fed. (2024). Auto loan balance per capita in selected U.S. states in 1st quarter 2024 (in 1,000 U.S. dollars). Statista. Statista Inc.. Accessed: December 21, 2024. https://www.statista.com/statistics/1281691/average-auto-loan-debt-usa-by-state/
New York Fed. "Auto Loan Balance per Capita in Selected U.S. States in 1st Quarter 2024 (in 1,000 U.S. Dollars)." Statista, Statista Inc., 31 May 2024, https://www.statista.com/statistics/1281691/average-auto-loan-debt-usa-by-state/
New York Fed, Auto loan balance per capita in selected U.S. states in 1st quarter 2024 (in 1,000 U.S. dollars) Statista, https://www.statista.com/statistics/1281691/average-auto-loan-debt-usa-by-state/ (last visited December 21, 2024)
Auto loan balance per capita in selected U.S. states in 1st quarter 2024 (in 1,000 U.S. dollars) [Graph], New York Fed, May 31, 2024. [Online]. Available: https://www.statista.com/statistics/1281691/average-auto-loan-debt-usa-by-state/
