Market Insights – Cox Automotive Inc.

Auto Credit Availability Tightened in May 06/10/2021 Access to auto credit declined in May after loosening for three straight months for all types of auto loans, according to the Dealertrack Auto Credit Availability Index. The All Loans Index declined 0.7% to 97.7 in May, reflecting that auto credit was harder to get in the month compared to April. Access was looser by 0.7% year over year, but compared to February 2020, access was tighter by 1.5%. Click image to enlarge. Most loan types tightened in May with only new loans from non-captives… Read Article

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Auto Credit Availability Increased Again in April But Trends Varied by Channel and Lender 05/11/2021 Access to auto credit increased again in April, and auto loan credit was the most accessible since April 2020, according to the Dealertrack Auto Credit Availability Index for all types of auto loans. The All Loans Index increased 0.4% to 98.4 in April, reflecting that auto credit was easier to get in the month compared to March. Access is tighter by 2.4% year over year, but that comparison is against abnormal credit conditions in April 2020. Compared to February 2020, access is tighter by 0.7%. Click image to enlarge. Trends diverged by loan type in April. New Loans loosened the most, while financing… Read Article

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Auto Credit Availability Increased Again in March 04/13/2021 Access to auto credit increased again in March, and auto loan credit was the most accessible since April 2020, according to the Dealertrack Auto Credit Availability Index for all types of auto loans. The All Loans Index increased 2.5% to 98.1 in March, reflecting that auto credit was easier to get in the month compared to February. Access remains tighter by 0.7% year over year. Click image to enlarge. All loan types saw loosening in March. Certified pre-owned (CPO) loosened the most, while financing provided through independent used dealers loosened the least. On a year-over-year basis, independent used financing and new vehicle financing are now… Read Article

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Auto Credit Availability Increased in February 03/11/2021 Access to auto credit increased in February and was the most accessible since May 2020 according to the Dealertrack Auto Credit Availability Index for all types of auto loans. The All Loans Index increased 1.1% to 95.8 in February, reflecting that auto credit was easier to get in the month compared to January. Access remains tighter by 3.4% year over year. Click image to enlarge. All… Read Article

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Auto Credit Availability Declined Slightly in January 02/10/2021 Access to auto credit declined slightly in January, reversing some of the December improvements according to the Dealertrack Auto Credit Availability Index for all types of auto loans. The All Loans Index declined 0.2% to 94.8 in January, reflecting that auto credit was slightly harder to get in the month. Access remains tighter by 4.3% year over year or by 4.4% compared to February before the pandemic began. Click image to enlarge. Not all loan types saw tightening in January. New vehicle financing loosened as did financing through independent used dealers while all other types of vehicle financing tightened. Credit… Read Article

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Auto Credit Availability Improved Modestly in December 01/14/2021 Access to auto credit improved modestly in December according to the Dealertrack Auto Credit Availability Index for all types of auto loans. The All Loans Index improved 0.1% to 94.9 in December, reflecting that auto credit was slightly easier to get in the month. However, access remains tighter by 5.0% year over year or by 4.4% compared to February before the pandemic began. Click to enlarge image. Unlike November, not all loan types saw easing in December. New vehicle financing tightened while… Read Article

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Loans in Accommodation Decrease, Delinquencies Increase in October 11/20/2020 We have observed auto loan credit loosening this fall, and access to all types of auto loans continued to improve in October. However, access remains tighter than year-ago and pre-pandemic availability levels. Credit access for used vehicles sold by independent dealers improved the most in October. On a year-over-year basis, all loan types are tighter, with certified pre-owned having tightened the most while independent used has… Read Article

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Consumer Auto Credit Conditions Difficult and Will Get Worse for Subprime 10/15/2020 The automotive market has been incredibly resilient during this pandemic, but credit is likely to become more challenging in the months ahead, especially as Congress has failed to pass a much-needed additional stimulus package. The Coronavirus Aid, Relief, and Economic Security (CARES) Act pumped trillions of dollars into the economy and provided support for severely impacted businesses and workers. However, much of the CARES Act support… Read Article

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10 Key Market Trends – 2019 Spring Update 05/23/2019 Jonathan Smoke, Chief Economist at Cox Automotive, provides an update on the Key Trends that, earlier in the year, were predicted to have the greatest impact on the automotive industry in 2019. VIDEO HIGHLIGHTS The Economy – Economic growth has been revised slightly downward from 2.6% to 2.4% GDP due to a softer than expected year-end 2018, plus a slow start in first quarter 2019. Despite the decelerating… Read Article

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Top Insights Shaping the Automotive Industry in 2019 01/24/2019 Jonathan Smoke, Chief Economist at Cox Automotive discusses the economic outlook for the automotive industry into 2019. Isabelle Helms, Vice President of Research & Market Intelligence, shares findings from the Cox Automotive Service Industry study to help dealers understand how to take advantage of these trends and differentiate themselves in the marketplace. Benefit of Strong Economic Tailwinds from 2018 – 2018 saw a robust economy… Read Article

Fixed Ops Research Mobility credit interest rates New Car Used Car Market Insights Economy & Trends