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Line of used cars at an auto dealership. Source: Shutterstock.

Cox Automotive’s monthly report on automotive credit showed two things: Credit unions tightened availability more than other lenders from March to April, and many comparisons with a year ago will be whacky.

Cox’s Dealertrack Credit Availability Index for all auto lenders, which is baselined to 100 at January 2019, was 98.4 at the end of April, an index value that was 0.4% higher than March, indicating auto credit became slightly easier for borrowers to get.

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Jim DuPlessis

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