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Auto, consumer durables stocks rise on cheaper loans by banks

2013-10-04 12:04:36| Automakers - Topix.net

Stocks of auto and consumer durables saw huge demand today, gaining as much as 8 per cent, in the wake of the government deciding to enhance capital infusion into the PSU banks to enable them provide cheaper retail loans.

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Attitudes Toward Subprime Auto Loans Improving

2013-05-08 00:35:24| AutomotiveDigest.com - Automotive Industry News

Subprime mortgages caused big problems in 2008 and 2009 and subprime auto was tainted because it shared the same name, said Greg Goebel, CEO of Used Car University. Ill-informed people might see parallels, said Jack Tracey, executive director of the National Automotive Finance Association. Informed sources, such as rating agencies and credit bureaus, take a [...]The Article Attitudes Toward Subprime Auto Loans Improving appeared first on Automotive Digest.

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Feds Scrutinize Auto Loans For Racial Discrimination

2013-05-01 05:01:45| Auto Dealers - Topix.net

Claiming racial discrimination in auto lending, the Consumer Financial Protection Bureau is taking aim at one of the sacred cows of auto retailing, where dealerships in effect mark up the customer's interest rate on an auto loan and share the profits with the lender, potentially to the tune of hundreds of dollars per loan.

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Are Subprime Loans Fueling Auto Sales?

2013-04-27 17:10:17| Auto Dealers - Topix.net

A new report suggests that the Dodge Avenger may be especially popular with subprime new-car buyers.

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Complete Auto Loans Presents New Projections- Used Car Sales Projected To Rise In 2013

2013-04-06 17:24:58| Auto Dealers - Topix.net

A recent survey done by leading members in the used auto loans market recently shows that dealers are very optimistic about the trend in used car sales.

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