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Auto Credit Availability Improved Again for Third Straight Month in October 11/10/2023 The Dealertrack Auto Credit Availability Index shows that access to auto credit improved in October for all types of auto loans. Credit access loosened across all channels and lender types this fall, continuing the trend that began in the summer. However, even though credit access improved, it was still tighter than a year ago and, in some channels, even tighter than pre-pandemic levels. The All-Loans Index… Read Article

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Auto Credit Availability Improved Again in September 10/10/2023 In September, the Dealertrack Credit Availability Index reported improved access to auto credit for most types of auto loans. During the summer, credit access was made more accessible across all channels and lender types. However, at the start of fall, credit access has started to tighten across most channels. Despite this, there has been an increase in loosening across most lender types. It’s important to note… Read Article

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Auto Credit Availability Improved Again in August 09/11/2023 Access to auto credit improved again in August, according to the Dealertrack Credit Availability Index for all types of auto loans. Following tightening across all channels and all lender types in the spring, the summer has shown continuous improvement in credit access across most channels and all lender types, except new, which had a decrease. However, credit access remains tighter than a year ago and, for… Read Article

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Auto Credit Availability Improved Again in July 08/10/2023 Access to auto credit improved again in July, according to the Dealertrack Credit Availability Index for all types of auto loans. Following tightening across all channels and all lender types in the spring, July marked a second month of continuous improvement of credit access across all channels and lender types, except captives which had a slight decrease. However, credit access remains tighter than a year ago… Read Article

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Auto Credit Availability Improved in June 07/10/2023 Access to auto credit improved in June after hitting a two-year low in May, according to the Dealertrack Credit Availability Index for all types of auto loans. Following tightening that occurred this spring during the banking crisis, June marked an important turning point that saw credit access improve across all channels and all lender types. However, credit access remains tighter than a year ago and is… Read Article

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Auto Credit Availability Drops to Two-Year Low 06/09/2023 Access to auto credit tightened again in May, according to the Dealertrack Credit Availability Index for all types of auto loans. Following tightening across all channels and all lender types in April, credit availability declined again in May in most channels. The All-Loans Index fell 0.4% to 96.4 in May, the lowest reading since February 2021, and reflected that auto credit was harder to get in… Read Article

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Auto Credit Availability Tightened in April 05/10/2023 Access to auto credit tightened in April, according to the Dealertrack Credit Availability Index for all types of auto loans. Following varied moves in vehicle channels and by lender in March, credit access tightened across all channels and all lender types in April. The All-Loans Index declined 1.5% to 96.8 in April, the lowest reading since February 2021 and reflected that auto credit was harder to… Read Article

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Auto Credit Availability Shifted in March, Impacted by Banking Crisis 04/10/2023 In March, which featured the failure of several banks, access to auto credit loosened slightly, according to the Dealertrack Credit Availability Index for all types of auto loans. However, the aggregate measure masked varied moves happening in vehicle channels and by lender. The All-Loans Index increased 0.2% to 98.2 in March, reflecting that auto credit was easier to get in the month compared to February. Even… Read Article

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Auto Credit Availability Loosened Modestly in February 03/10/2023 Access to auto credit loosened modestly in February, according to the Dealertrack Credit Availability Index for all types of auto loans. The All-Loans Index increased 0.9% to 98.1 in February, reflecting that auto credit was easier to get in the month compared to January. Even with the increase in February, access was tighter by 4.4% year over year, and compared to February 2020, access was tighter… Read Article

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Auto Credit Availability Tightened Again in January 02/10/2023 Access to auto credit tightened again in January, according to the Dealertrack Credit Availability Index for all types of auto loans. The All-Loans Index declined 1% to 98.0 in January, reflecting that auto credit was harder to get in the month compared to December. The decline in access reflected conditions that were tightest since June 2021. With the decline in January, access was tighter by 3.9%… Read Article

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