Journal Article
Texans Help Drive National Increase in Auto Loan Debt
Abstract: Despite strong economic growth in recent years, Texas auto loan delinquency rates have risen to levels approaching those seen just after the Great Recession. A recent drop in the subprime share of auto loan originations? typically involving less-creditworthy buyers? suggests delinquency rates are likely to fall. However, risks remain elevated because of factors including longer loan duration and young borrowers? increasing student loan indebtedness.
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https://www.dallasfed.org/~/media/documents/research/swe/2019/swe1903b.pdf
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File(s):
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https://www.dallasfed.org/~/media/documents/research/swe/2019/swe1903.pdf
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Bibliographic Information
Provider: Federal Reserve Bank of Dallas
Part of Series: Southwest Economy
Publication Date: 2019
Issue: Third Quarter
Pages: 3-8