Fernando de Querol Cumbrera
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Get in touch with us nowTightening standards for car loans in the U.S. 2017-2024
In the first quarter of 2023, there were more banks in the United States tightening rather than loosening the standards for car loans. The net percentage shows the difference between the senior loan officers that reported tighter standards and those that reported looser car loan standards. Any figure above zero signals that over 50 percent of respondents perceived stricter lending standards. In contrast, figures below zero indicate that at least half of the officers interviewed observed that lending standards were less strict.
