Email This: vedaauto.com Automotive Credit Demand Index – November 2009

  • Overall automotive credit demand up 2% in November
  • Used vehicle credit demand down 8% in November, and down 23% year-on-year
  • Commercial credit demand booming, up 13% in November and up 33% year-on-year

    • 16 December 2009: vedaauto.com's monthly Automotive Credit Demand Index*, released today, reveals an overall 2.2% increase in credit demand for the automotive market in November compared to October 2009. However, credit enquiries for used vehicle purchases in November dropped 8.4% over the previous month, and also saw a year-on-year decline of 23.3% over November 2008.

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    • Overall automotive credit demand up 2% in November
    • Used vehicle credit demand down 8% in November, and down 23% year-on-year
    • Commercial credit demand booming, up 13% in November and up 33% year-on-year

    16 December 2009: vedaauto.com's monthly Automotive Credit Demand Index*, released today, reveals an overall 2.2% increase in credit demand for the automotive market in November compared to October 2009. However, credit enquiries for used vehicle purchases in November dropped 8.4% over the previous month, and also saw a year-on-year decline of 23.3% over November 2008.

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