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Vehicle Data Shows 'Revving' Economy

Apr. 01, 2021 1:45 PM ETFORD, GM, HMC, TM, TSLA4 Comments
Eric Mason profile picture
Eric Mason


  • Banks increased vehicle lending during the pandemic.
  • Vehicle sales are within 10% of pre-pandemic levels.
  • Average loan amount increased during pandemic.
Driving on the road
Photo by gehringj/E+ via Getty Images

In April 2020, the annual projection for car sales fell to their lowest level over the last 40 years. Despite this fall in annual vehicle sales pace, the outstanding balance of motor vehicle loans never declined, in fact, it increased by $38.4 billion from Q4-2019 to

This article was written by

Eric Mason profile picture
Public sector CFO, with a background in economics. I primarily focus on economic data and the relevance it has for investors.

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