As Lending Goes, So Goes the Auto Industry

Consumer access to affordable credit spurs auto sales, as the industry has seen in the last two years of record deliveries.

But the auto-loan growth rate is ebbing. It was about 5% year-over-year in 2016 as opposed to 10% in 2015.

“It hasn’t gone negative; it’s still in positive territory, but the pace is starting to slow,” says Charlie Chesbrough, senior economist and senior director-industry insights for Cox Automotive, owners of Autotrader, Kelley Blue Book, Dealertrack, Manheim Auctions and other industry entities.