Automotive Dealership Store. New and Pre Owned Vehicles in Front of the Showroom Building. Source: AdobeStock.

For buyers who could find a car, credit unions and other lenders made it easier to obtain a loan in April, Cox Automotive reported Tuesday.

Cox’s Dealertrack Credit Availability Index rose 1.7% from March to reach 106.3 in April, its highest level tracked by Cox since January 2015. The index also rose 8.1% from April 2021.

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Jim DuPlessis

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