Looser loan structures — rather than lower interest rates or improved credit quality — raised Dealertrack’s Credit Availability Index in August. +
The Credit Availability Index climbed to 105 in July, its highest level since December 2015, but a key indicator declined for the fourth straight month. +
Wolters Kluwer’s latest Digital Transformation Index report finds econtracting gaining popularity throughout the auto finance ecosystem. +
Dealertrack’s Credit Availability Index rose to 104.6 in June, registering its biggest increase so far this year and its highest mark since December 2015. +
A narrowing yield spread and a remarkable recovery in approval rates pushed Dealertrack’s Credit Availability Index to 103.7 in May, improving by 7.3% year over year to reach its highest level since April 2022. +
Dealertrack’s Credit Availability Index inched up to 102.4 in April, but analysts say subprime borrowers’ share of the market fell “sharply” after a March surge. +
A growing approval rate helped the Dealertrack Credit Availability Index improve to 102.4 in March, its highest reading since June 2022 and a 6% year-over-year increase. +
Dealertrack's Credit Availability Index climbed to 101.3 in February, a 6% year-over-year improvement, despite a lower overall approval rate and a widening yield spread. +
Experian reports subprime borrowers accounted for 15.3% of U.S. auto finance originations in the fourth quarter, claiming their largest share of the market since 2021. +
Dealertrack’s Credit Availability Index remained at 100 last month, reflecting offsetting indicators that include a lower approval rate and a growing share of subprime loans. +
