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Auto Credit Availability Increases Across the Board in October 11/11/2024 Access to auto credit increased in October as credit loosened across all channels and across all lender types, according to the Dealertrack Credit Availability Index. The All-Loans Index was 94.5 in October, up 2.2% from the September reading but down 2.1% year over year. This marks the largest month-over-month increase in auto credit access since March 2022. Dealertrack Credit Availability Index1 Auto loan access improved in… Read Article

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Auto Credit Availability Increased in September 10/14/2024 Access to auto credit increased in September as credit loosened across most channels and all lender types, marking the end of a five-month decline, according to the Dealertrack Credit Availability Index. The All-Loans Index was 92.8 in September, up 0.4% from the August reading but down 2.1% year over year. Dealertrack Credit Availability Index1 Auto loan access improved in September but remained down year over year… Read Article

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Auto Credit Availability Declines for August 09/10/2024 Access to auto credit declined again in August as credit tightened across all channels and most lender types, according to the Dealertrack Credit Availability Index. The All-Loans Index was 92.5 in August, down 0.5% from the July reading and down 1.7% year over year. Dealertrack Credit Availability Index1 Auto loan access worsened slightly in August and was down year over year All Auto Loans Index (Jan2019=100)… Read Article

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Auto Credit Availability Declines for Fourth Consecutive Month in July 08/12/2024 July 2024 marked the fourth consecutive month of auto credit availability decline, with all lender types and channels tightening credit access, according to the Dealertrack Credit Availability Index. The All-Loans Index was 92.9 in July, down 1.0% from a downwardly revised June reading and down 1.5% year over year. Dealertrack Credit Availability Index1 Auto loan access worsened slightly in July and was down year over year… Read Article

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Auto Credit Availability Declined in June 07/10/2024 Access to auto credit declined again in June as credit tightened across all channels and all lender types, according to the Dealertrack Credit Availability Index. The All-Loans Index was 93.9 in June, down 0.8 from a downwardly revised May reading and down 0.5% year over year. Dealertrack Credit Availability Index1 Auto loan access worsened slightly in June and was down year over year All Auto Loans… Read Article

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Auto Credit Availability Stable in May 06/10/2024 Access to auto credit declined slightly in May as credit tightened across most channels and all lender types, according to the Dealertrack Credit Availability Index. The All-Loans Index was 94.8 in May, down only 0.1 from the upwardly revised April reading but up 0.9% year over year. The subprime share and negative equity share both declined, and those moves made credit access more challenging for consumers.… Read Article

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Auto Credit Availability Declined in April 05/10/2024 Access to auto credit declined slightly in April as credit tightened across new and certified pre-owned (CPO) channels and at banks and captives, according to the Dealertrack Credit Availability Index. The All-Loans Index declined to 93.8 in April, down 0.7% year over year. Credit access in April was tighter than a year ago in all channels except used sales through independent dealers and new sales. Credit… Read Article

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Auto Credit Availability Improved Again in March 04/10/2024 Access to auto credit improved in March as credit loosened across all channels and all lender types compared to February, according to the Dealertrack Credit Availability Index. The All-Loans Index increased to 94.0 in March but remained down 1.5% year over year. Credit availability has improved for two consecutive months and rose 1.1% month over month with the arrival of spring. Still, credit access remains tighter… Read Article

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Auto Credit Availability Worsened Again in January 02/12/2024 Access to auto credit declined in January as credit tightened across all channels and across most lender types compared to December, according to the Dealertrack Credit Availability Index. The All-Loans Index declined to 93.0 in January, down 3% year over year. The Dealertrack Auto Credit Total Loan Index had shown some improvements during the summer and fall of last year, but those gains have been wiped… Read Article

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Auto Credit Availability Worsened Again in December 01/16/2024 Access to auto credit declined in December as credit tightened across most channels and across all lender types, according to the Dealertrack Auto Credit Availability Index. The All-Loans Index declined in November and dropped another 0.9% to 94.0 in December, reaching its lowest level since May and erasing improvements made in the summer and fall. Credit access in all channels and lender types ended 2023 tighter… Read Article

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