: A record share of people applying for auto loans were rejected this year, NY Fed survey finds

Would-be car buyers say lenders have been tapping the brakes hard in 2023, according to a new look at consumer access to credit.

A record-breaking share of auto loan applicants say they’ve been rejected for loans this year, according to the Federal Reserve Bank of New York.

Based on surveys collected in February, June, and October, an average…