Q1 2015 U.S. Banking Review: Outstanding Automobile Loans

The auto industry has seen a marked increase in outstanding loans in recent years, with data compiled by the Federal Reserve Bank of New York showing that total auto loans have jumped from $702 billion at the end of Q2 2010 to $968 billion in Q1 2015 - a 38% jump in under five years. While an important factor behind the growth has been the steady improvement in economic conditions since 2011, the data also shows unusually high growth rates over the last six quarters. Auto lenders have lowered th...