New cars are more available this spring, and manufacturers have even begun offering deals to entice buyers.
But at the same time, lenders have been tightening the terms of car loans as they deal with a rising number of delinquencies.
That has made it harder for some people to get affordable loans.
The impact was seen at banks, credit unions and dealerships.
“We are seeing credit access tighten in all channels,” said Sean Tucker, a senior editor at Kelley Blue Book, Cox’s car research and sales website.
Persons:
”, Sean Tucker, Kelley
Organizations:
Cox Automotive