Credit unions tighten access in November amid competition
Auto Credit Availability Index decreased 4.2% YoY
Credit access tightened in November after loosening for much of the fall, with credit unions becoming more stringent compared with other lender types as competition from captives picks up. The Dealertrack Auto Credit Availability Index decreased 0.8% sequentially and 4.2% year over year to 94.8. An increase in yield spreads, decrease in subprime share, shorter […]
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