Auto credit hits decade high, approval rates climb to 74%
On the Dash:
Dealertrack index hit 105 in July, its highest reading since November 2015
Approval rates rose to 74%, up for a fourth straight month
Loan terms over 72...
TSLA351.3505.53%
GM86.165-0.165%
F13.880-0.02%
RIVN16.7030.3731%
CYD39.550-0.27%
HMC31.095-0.315%
TM191.770-0.07%
CVNA75.7601.81%
PAG217.150-0.09%
LAD369.384-0.7656%
AN196.8350.26501%
GPI260.810-1.82%
ABG209.170-0.72%
SAH78.5130.4726%
TSLA351.3505.53%
GM86.165-0.165%
F13.880-0.02%
RIVN16.7030.3731%
CYD39.550-0.27%
HMC31.095-0.315%
TM191.770-0.07%
CVNA75.7601.81%
PAG217.150-0.09%
LAD369.384-0.7656%
AN196.8350.26501%
GPI260.810-1.82%
ABG209.170-0.72%
SAH78.5130.4726%
TSLA351.3505.53%
GM86.165-0.165%
F13.880-0.02%
RIVN16.7030.3731%
CYD39.550-0.27%
HMC31.095-0.315%
TM191.770-0.07%
CVNA75.7601.81%
PAG217.150-0.09%
LAD369.384-0.7656%
AN196.8350.26501%
GPI260.810-1.82%
ABG209.170-0.72%
SAH78.5130.4726%
Dealertrack Credit Availability Index
Auto financing becomes easier to obtain as credit availability climbs to 10-year high
On the Dash:
Higher approval rates could help dealerships convert more shoppers into buyers as financing becomes more accessible.
Record-long loan terms continue to play a key role in maintaining...
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