Credit access tightens for third consecutive month
Subprime share, approval rates dipped in July
Credit availability tightened for the third consecutive month in July amid widening yield spreads and declining subprime share. The Dealertrack Credit Availability Index, which tracks loan approval rates, changes in yield spreads and loan details, such as term, tightened 1.8% month over month to 103.3 in July. Still, access remained 5.3% looser year over year […]
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