Auto credit availability improves 8.1% YoY in April

Credit access may tighten in the coming months

© Can Stock Photo / welcomia

Auto credit availability improved for the 11th consecutive month in April as yield spreads narrowed and loan approval rates ticked up, but changing economic conditions may prompt tightening in the next few months. Access eased across all loan types in April, contributing to a 1.7% month-over-month improvement in the Dealertrack Credit Availability Index to 106.3, […]

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