Auto Loan Debt Balance
Debt Balance
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Canada Auto Loan Debt Balance
| Timeframe | 2020 | 2021 | 2022 | 2023 | 2024 | |||
|---|---|---|---|---|---|---|---|---|
| Auto loan debt balance (billions) | Maximum of two rows can be charted. Deselect another chart icon to add this one. | |||||||
| – % change | Maximum of two rows can be charted. Deselect another chart icon to add this one. | |||||||
Source: eMarketer, December 2022
Note: loans taken out to purchase a car; includes auto bank loans (provided by banking institutions such as banks, credit unions, savings, and loan associations) and auto finance loans (provided by automobile dealers and automobile financing companies)
Methodology: Insider Intelligence benchmarks its auto loan debt balance figures against the Statistics Canada data, for which the last full year measured was 2021. Auto loans are a subset of nonmortgage loans, consumer credit, and personal loans.
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