Value of car loan originations in the U.S. 2007-2022, by age

Published by
Fernando de Querol Cumbrera,
Aug 9, 2023
The value of car loans originated in the United States in 2022 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 2022, by age (in billion U.S. dollars)

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Release date

June 2023

Region

United States

Survey time period

2007 to 2022

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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