WATCH: What you need to know about credit tightening for consumers

Posted by George Augustaitis on August 14, 2020

One of the most recent issues in the auto industry that’s come to light due to COVID-19 is the tightening of credit among banks. In under 15 minutes, I’ll discuss how these changes in financing and lending impact car shoppers—and what that means for dealers. Watch this video to learn:

  • Why lending plays a critical role in the auto industry
  • How changing risk standards at banks and the overall decline in demand for loans impacts dealers
  • What CarGurus dealers are seeing in terms of their consumers’ ability to finance vehicles
  • Four strategies for getting more buyers with lower credit financing

Watch the full recording below and reach out to me at pr@cargurus.com if you have any questions.

Topics: covid-19, credit, industry insights, lending