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Just Released: Who Is Driving the Auto Lending Recovery?

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Abstract

This morning, the New York Fed released its Quarterly Report on Household Debt and Credit for the second quarter of 2013. It shows a $78 billion decline in overall household debt from the previous period. Delinquency rates improved considerably, with the overall ninety-plus day delinquency rate falling to 5.7 percent, the lowest it has been since mid-2008. The Quarterly Report is based on data from the New York Fed’s Consumer Credit Panel, a nationally representative sample drawn from anonymized Equifax credit data.

Suggested Citation

  • Andrew F. Haughwout & Donghoon Lee & Joelle Scally & Wilbert Van der Klaauw, 2013. "Just Released: Who Is Driving the Auto Lending Recovery?," Liberty Street Economics 20130814a, Federal Reserve Bank of New York.
  • Handle: RePEc:fip:fednls:86885
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    More about this item

    Keywords

    subprime; auto loans; household credit;
    All these keywords.

    JEL classification:

    • D1 - Microeconomics - - Household Behavior

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