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Auto Loans, Sales Looking Good Now and for the Future: Beige Book

Overall vehicle sales were positive across the United States in August according to a just-released an economic report released by the Federal Reserve Bank’s 12 districts. 

The report, titled the October 10 Beige Book, reports that sales were strong in four of the districts which means that overall sales were ahead of numbers from August 2011. Sales in two other districts reached plateaus, while sales in another two experienced moderate sales.

Overall consumer credit demand slightly increased in the month driven by powerful increases in demand in St. Louis, San Francisco, Cleveland, Dallas and Cleveland. Though positive, demand for car loans was less strong in Richmond, Kansas City, New York and Chicago.

The next Beige Book is scheduled to be released November 28.

About the Author

The author has many years of experience in automotive finance and insurance. However, each consumer's situation is unique. It is best to contact a finance specialist for further assistance.
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