Auto credit access expands in January, with depth of projected March rate rise ‘a coin toss’
Chart courtesy of Cox Automotive.
Thursday, Feb. 17, 2022, 04:49 PM
SubPrime Auto Finance News Staff
CARY, N.C. -
Access for all types of auto financing expanded in January, according to the newest Dealertrack Credit Availability Index. But change might be coming with the likelihood of interest rates rising, with one economist calling it a “coin toss” as to how much the increase will be when the Federal Reserve announces its decision next month. […]