Dealertrack (div. Cox Automotive)’s All-Loan Index improved to 96.4% in March, a 3.1% year-over-year gain and the highest level of auto loan access since December 2022. +

Edmunds analysts say 84-month loans accounted for 19.8% of U.S. new vehicle financing in the first quarter of 2025, an all-time high and a 25.3% increase from the year-ago quarter. +

Dealertrack’s Credit Availability Index improved 3% year-over-year in February, but negative indicators such as subprime share, term, down payments and negative equity added risk to loan portfolios. +

Edmunds reports the U.S. auto finance market demonstrated stability in the face of uncertainty in February, with modest increases in loan cost, amounts financed, payments and terms. +

The Dealertrack Credit Availability Index improved to 95.4 in January, a 2.9% year-over-year improvement driven in part by a 100-basis-point market share gain for subprime borrowers. +

Analysts say more than one-third of upside-down car buyers owed more than $10,000 on their prior loans in the third quarter, with 7.5% owing more than $15,000. +

Edmunds analysts fear a growing number of 84-month auto loans could indicate that new-vehicle buyers are stretching beyond their financial means. +