Value of car loan originations in the U.S. 2007-2023, by age

Published by
Fernando de Querol Cumbrera,
Jun 12, 2024
The value of car loans originated in the United States in 2023 was evenly distributed across different age groups. Individuals of 70 years or older were by far the ones with the least amount of new loans. Borrowers in their 30s and 40s were the ones with most car loan originations. Meanwhile, in the past years, U.S. car loans with a credit score of over 760 made up most of the automobile financing.

Value of car loan originations in the United States from 2007 to 2023, by age (in billion U.S. dollars)

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Release date

June 2024

Region

United States

Survey time period

2007 to 2023

Supplementary notes

Figures may not add up to total, because the age was not available for all borrowers.

Annual totals calculated by Statista using the data from the source.

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Topics

Car financing and leasing in the U.S.Automotive industry in the United StatesCar brands in the United StatesMotor insurance in the United StatesAutomotive advertising in the U.S.
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