News Coverage
Cox Automotive Unveils Dealertrack Credit Availability Index
Monday December 14, 2020
Auto Remarketing/SubPrime Auto Finance News, Dec. 14, 2020 – Cox Automotive recently launched a new industry measurement called the Dealertrack Credit Availability Index that’s geared to track how the auto-finance market is trending.
For the first installment, analysts discovered credit availability continued to improve in November for all types of financing. Cox Automotive indicated the index improved 0.8% in November to 94.8, reflecting that credit was easier to get than the previous month.
However, analysts determined access remains tighter by 5.1% year-over-year, or by 4.4% compared to February.