In the first quarter of 2023, there were more banks in the United States tightening rather than loosening the standards for car loans. The net percentage shows the difference between the senior loan officers that reported tighter standards and those that reported looser car loan standards. Any figure above zero signals that over 50 percent of respondents perceived stricter lending standards. In contrast, figures below zero indicate that at least half of the officers interviewed observed that lending standards were less strict.
Net percentage of domestic banks reporting tightening standards for car loans in the United States from 1st quarter 2017 to 1st quarter 2024
Characteristic
Net percentage of respondents
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St. Louis Fed. (February 5, 2024). Net percentage of domestic banks reporting tightening standards for car loans in the United States from 1st quarter 2017 to 1st quarter 2024 [Graph]. In Statista. Retrieved August 24, 2024, from https://www.statista.com/statistics/1342126/demand-for-car-loans-in-the-us/
St. Louis Fed. "Net percentage of domestic banks reporting tightening standards for car loans in the United States from 1st quarter 2017 to 1st quarter 2024." Chart. February 5, 2024. Statista. Accessed August 24, 2024. https://www.statista.com/statistics/1342126/demand-for-car-loans-in-the-us/
St. Louis Fed. (2024). Net percentage of domestic banks reporting tightening standards for car loans in the United States from 1st quarter 2017 to 1st quarter 2024. Statista. Statista Inc.. Accessed: August 24, 2024. https://www.statista.com/statistics/1342126/demand-for-car-loans-in-the-us/
St. Louis Fed. "Net Percentage of Domestic Banks Reporting Tightening Standards for Car Loans in The United States from 1st Quarter 2017 to 1st Quarter 2024." Statista, Statista Inc., 5 Feb 2024, https://www.statista.com/statistics/1342126/demand-for-car-loans-in-the-us/
St. Louis Fed, Net percentage of domestic banks reporting tightening standards for car loans in the United States from 1st quarter 2017 to 1st quarter 2024 Statista, https://www.statista.com/statistics/1342126/demand-for-car-loans-in-the-us/ (last visited August 24, 2024)
Net percentage of domestic banks reporting tightening standards for car loans in the United States from 1st quarter 2017 to 1st quarter 2024 [Graph], St. Louis Fed, February 5, 2024. [Online]. Available: https://www.statista.com/statistics/1342126/demand-for-car-loans-in-the-us/