Auto Financing During and After the Great Recession
Abstract: More than half of auto financing is originated by non-bank finance companies that typically rely on short-term funding markets for their own financing. During the recent financial crisis, disruptions in these short-term financing markets reduced the availability of auto credit to consumers, which contributed to the decline in auto sales.
File(s): File format is text/html https://www.federalreserve.gov/econres/notes/feds-notes/auto-financing-during-and-after-the-great-recession-20170622.htm
Part of Series: FEDS Notes
Publication Date: 2017-06-22