Credit tightens again in July as new-car prices soar to record high
Chart courtesy of Cox Automotive.
Premium Content
Thursday, Aug. 18, 2022, 02:59 PM
SubPrime Auto Finance News Staff
As Cox Automotive senior economist Charles Chesbrough noted, credit availability is one of the headwinds against used-vehicle retail sales. While still more available than this time last year, the Dealertrack Auto Credit Availability Index declined for the consecutive month in July. According to a Cox Automotive Data Point, the index softened by ... As Cox […]