What is it?
The consumer credit reports show outstanding credit extended for motor vehicle car loans.
Who is interested?
Analysts, investors, bankers, financial institutions
What does it tell me?
This shows the total amount of credit that is extended to households for motor vehicle loans. When credit utilization increases, consumers are typically confident in current and future economic conditions. Typically, this is consistent with healthy a healthy labor market, positive sentiment, and wage growth. This credit is considered nonrevolving.