Banks Are Tightening Credit for Auto Loans

Banks Are Tightening Credit for Auto Loans

The percentage of domestic banks that have tightened credit standards for auto loans has ticked up into positive territory (1.9%), for the first time since Q4 2020. This figure was negative from Q1 2021 through Q2 2022.

Net Percentage of Domestic Banks Tightening Standards for Auto Loans: Click HERE for detail.