In the third quarter of 2024, there were roughly the same number of banks in the United States tightening and 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 3rd quarter 2024
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St. Louis Fed. (August 5, 2024). Net percentage of domestic banks reporting tightening standards for car loans in the United States from 1st quarter 2017 to 3rd quarter 2024 [Graph]. In Statista. Retrieved December 21, 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 3rd quarter 2024." Chart. August 5, 2024. Statista. Accessed December 21, 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 3rd quarter 2024. Statista. Statista Inc.. Accessed: December 21, 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 3rd Quarter 2024." Statista, Statista Inc., 5 Aug 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 3rd quarter 2024 Statista, https://www.statista.com/statistics/1342126/demand-for-car-loans-in-the-us/ (last visited December 21, 2024)
Net percentage of domestic banks reporting tightening standards for car loans in the United States from 1st quarter 2017 to 3rd quarter 2024 [Graph], St. Louis Fed, August 5, 2024. [Online]. Available: https://www.statista.com/statistics/1342126/demand-for-car-loans-in-the-us/
