Growth In 7-Year Car Loans From 2009 To 2019

In the first half of 2019, seven-year car loans made up 31.5% of car loans, a sharp increase since 2009.

Notes

2019 estimates are for the first half of 2019. Year labels represent loan terms within the previous 11-month span.

Source: Experian

Credit: Connie Hanzhang Jin/NPR