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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Value of car loan originations in the United States from 2007 to 2023, by age
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Statista. (June 12, 2024). Value of car loan originations in the United States from 2007 to 2023, by age (in billion U.S. dollars) [Graph]. In Statista. Retrieved May 09, 2025, from https://www.statista.com/statistics/1342021/auto-loan-originations-usa-by-risk-score/
Statista. "Value of car loan originations in the United States from 2007 to 2023, by age (in billion U.S. dollars)." Chart. June 12, 2024. Statista. Accessed May 09, 2025. https://www.statista.com/statistics/1342021/auto-loan-originations-usa-by-risk-score/
Statista. (2024). Value of car loan originations in the United States from 2007 to 2023, by age (in billion U.S. dollars). Statista. Statista Inc.. Accessed: May 09, 2025. https://www.statista.com/statistics/1342021/auto-loan-originations-usa-by-risk-score/
Statista. "Value of Car Loan Originations in The United States from 2007 to 2023, by Age (in Billion U.S. Dollars)." Statista, Statista Inc., 12 Jun 2024, https://www.statista.com/statistics/1342021/auto-loan-originations-usa-by-risk-score/
Statista, Value of car loan originations in the United States from 2007 to 2023, by age (in billion U.S. dollars) Statista, https://www.statista.com/statistics/1342021/auto-loan-originations-usa-by-risk-score/ (last visited May 09, 2025)
Value of car loan originations in the United States from 2007 to 2023, by age (in billion U.S. dollars) [Graph], Statista, June 12, 2024. [Online]. Available: https://www.statista.com/statistics/1342021/auto-loan-originations-usa-by-risk-score/
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