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published in Blogs
Jun 07, 2019

Auto car loans and average monthly payments reach a record high in U.S.

It’s becoming a worrying trend that in the U.S., people are borrowing more and paying more each month for their auto loans.

Analysts recorded that the average amount borrowed to buy a new vehicle hit an unforeseen $32,187 in the first quarter of 2019, and the average used-vehicle loan also hit a record $20,137. This means there has been no slowdown for loan demand.

As new car prices have been steadily rising, dealers and auto executives are closely watching if the upward trend of new car sales will sustain. So far, the average amount borrowed for new vehicles have topped $32,000 for the first time ever. Consequently, the average monthly payment for a new vehicle steadily rose to a new high of $554 and to $391 for used vehicles.

However, people with even the best credit scores are opting for used vehicles. In the first quarter, 61.8% with prime credit rating and 44.7% with super prime rating loaned to buy used vehicles instead of new. This is a record for used vehicle borrowing.

Analysts believe that it is because consumers are exploring options to reduce payments, especially leasing, and hence the preference for used vehicles.

Related Ticker: C

Momentum Indicator for C turns positive, indicating new upward trend

C saw its Momentum Indicator move above the 0 level on February 06, 2025. This is an indication that the stock could be shifting in to a new upward move. Traders may want to consider buying the stock or buying call options. Tickeron's A.I.dvisor looked at 85 similar instances where the indicator turned positive. In of the 85 cases, the stock moved higher in the following days. The odds of a move higher are at .

Price Prediction Chart

Technical Analysis (Indicators)

Bullish Trend Analysis

Following a 3-day Advance, the price is estimated to grow further. Considering data from situations where C advanced for three days, in of 311 cases, the price rose further within the following month. The odds of a continued upward trend are .

The Aroon Indicator entered an Uptrend today. In of 253 cases where C Aroon's Indicator entered an Uptrend, the price rose further within the following month. The odds of a continued Uptrend are .

Bearish Trend Analysis

The RSI Oscillator demonstrated that the stock has entered the overbought zone. This may point to a price pull-back soon.

The Stochastic Oscillator has been in the overbought zone for 1 day. Expect a price pull-back in the near future.

The Moving Average Convergence Divergence Histogram (MACD) for C turned negative on February 03, 2025. This could be a sign that the stock is set to turn lower in the coming weeks. Traders may want to sell the stock or buy put options. Tickeron's A.I.dvisor looked at 46 similar instances when the indicator turned negative. In of the 46 cases the stock turned lower in the days that followed. This puts the odds of success at .

Following a 3-day decline, the stock is projected to fall further. Considering past instances where C declined for three days, the price rose further in of 62 cases within the following month. The odds of a continued downward trend are .

C broke above its upper Bollinger Band on February 14, 2025. This could be a sign that the stock is set to drop as the stock moves back below the upper band and toward the middle band. You may want to consider selling the stock or exploring put options.

The Tickeron SMR rating for this company is (best 1 - 100 worst), indicating very strong sales and a profitable business model. SMR (Sales, Margin, Return on Equity) rating is based on comparative analysis of weighted Sales, Income Margin and Return on Equity values compared against S&P 500 index constituents. The weighted SMR value is a proprietary formula developed by Tickeron and represents an overall profitability measure for a stock.

The Tickeron Price Growth Rating for this company is (best 1 - 100 worst), indicating outstanding price growth. C’s price grows at a higher rate over the last 12 months as compared to S&P 500 index constituents.

The Tickeron Valuation Rating of (best 1 - 100 worst) indicates that the company is slightly undervalued in the industry. This rating compares market capitalization estimated by our proprietary formula with the current market capitalization. This rating is based on the following metrics, as compared to industry averages: P/B Ratio (0.647) is normal, around the industry mean (0.958). C has a moderately high P/E Ratio (15.708) as compared to the industry average of (8.937). C's Projected Growth (PEG Ratio) (18.586) is very high in comparison to the industry average of (2.643). Dividend Yield (0.033) settles around the average of (0.054) among similar stocks. P/S Ratio (1.581) is also within normal values, averaging (2.460).

The Tickeron PE Growth Rating for this company is (best 1 - 100 worst), pointing to average earnings growth. The PE Growth rating is based on a comparative analysis of stock PE ratio increase over the last 12 months compared against S&P 500 index constituents.

The Tickeron Profit vs. Risk Rating rating for this company is (best 1 - 100 worst), indicating well-balanced risk and returns. The average Profit vs. Risk Rating rating for the industry is 40, placing this stock slightly worse than average.

Notable companies

The most notable companies in this group are JPMorgan Chase & Co (NYSE:JPM), Bank of America Corp (NYSE:BAC), Wells Fargo & Co (NYSE:WFC), HSBC Holdings PLC (NYSE:HSBC), Citigroup (NYSE:C), Barclays PLC (NYSE:BCS).

Industry description

Major banks are among the biggest companies in the world, often times with global reach and market capitalizations in the multi-billions. Large banks often have multiple arms spanning different disciplines, from deposits, to investment banking, to wealth management and insurance. The biggest banks often have key competitive advantages over smaller players in the industry in terms of brand recognition, cost of capital, and efficiency. Think J.P. Morgan, Bank of America, Wells Fargo, and Citigroup.

Market Cap

The average market capitalization across the Major Banks Industry is 89.36B. The market cap for tickers in the group ranges from 191.41M to 573.02B. JPM holds the highest valuation in this group at 573.02B. The lowest valued company is MSL at 191.41M.

High and low price notable news

The average weekly price growth across all stocks in the Major Banks Industry was 3%. For the same Industry, the average monthly price growth was 8%, and the average quarterly price growth was 16%. CBAUF experienced the highest price growth at 16%, while SMFNF experienced the biggest fall at -9%.

Volume

The average weekly volume growth across all stocks in the Major Banks Industry was 3%. For the same stocks of the Industry, the average monthly volume growth was -49% and the average quarterly volume growth was 17%

Fundamental Analysis Ratings

The average fundamental analysis ratings, where 1 is best and 100 is worst, are as follows

Valuation Rating: 48
P/E Growth Rating: 36
Price Growth Rating: 44
SMR Rating: 5
Profit Risk Rating: 40
Seasonality Score: -42 (-100 ... +100)
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A.I.Advisor
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General Information

a financial conglomerate

Industry MajorBanks

Profile
Fundamentals
Details
Industry
Financial Conglomerates
Address
388 Greenwich Street
Phone
+1 212 559-1000
Employees
239000
Web
https://www.citigroup.com
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