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Home » Auto credit availability improves in March, following tighter conditions the last year

Auto credit availability improves in March, following tighter conditions the last year

Availability improved 0.2% MoM

Riley WolfbauerbyRiley Wolfbauer
April 17, 2023
in Capital & Funding
Reading Time: 3 mins read
0
Toy car sitting on money

© Can Stock Photo / pinkblue

Access to new-auto loans improved amid approval rates and subprime share inching up, but access to used-vehicle financing declined.  The Dealertrack Credit Availability Index increased 0.2% month over month in March to 98.2, following no change in access from January to February, according to Cox Automotive. Access to credit is still tighter by 5.5% compared […]

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