April credit availability comparisons come against ‘abnormal’ conditions
Chart courtesy of Cox Automotive.
Thursday, May. 13, 2021, 02:18 PM
SubPrime Auto Finance News Staff
Cox Automotive reported this week that auto financing availability in April was the most accessible since April 2020, according to the Dealertrack Auto Credit Availability Index. But analysts acknowledged that making year-over-year comparisons is challenging, since they’re versus the outset of the pandemic. The index reading increased 0.4% to 98.4 in April, reflecting that credit […]