Automobile Finance Terms
This report collects information from lenders affiliated with automobile manufacturers on loans related to purchases of new and used vehicles. The reports are photocopies of internal company management reports.
Purpose: Data from this report is used to analyze current consumer credit conditions and the implications of these conditions for households. Data from the FR 2005 are also used to create aggregate statistics on consumer loan terms that are published in the Federal Reserve's monthly statistical releases G.19, Consumer Credit.
The Federal Reserve has been the primary producer of aggregate statistics related to consumer credit since 1942. This role stems from the Federal Reserve's responsibility for monetary policy, its particular responsibilities and data requirements for regulating consumer credit on occasion, and its well-developed channels of communication with major creditor groups. Since the 1940s, the Federal Reserve has maintained a program for the direct collection of consumer credit data from commercial banks and finance companies.
The panel consists of lenders affiliated with the major automobile manufacturers and is identical to that of the monthly report on Passenger Auto Contract Collection Trends (FR 2012).
Monthly, activity during the month.
Aggregate data are published in the monthly Consumer Credit (G.19) statistical release (www.federalreserve.gov/econresdata/releases/statisticsdata.htm), with permission from all of the respondents.
Last Update: April 6, 2011