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There's A Huge Debate Brewing Over Subprime Auto Lending

2014-09-26 20:18:09| Auto Dealers - Topix.net

The New York Times is running a series on subprime auto lending, called "Driven to Debt." The most recent installment, " Miss a Payment? Good Luck Moving That Car ," introduces readers to the scary world of borrowers who can literally have their cars turned off if they get into financial trouble.

Tags: auto huge debate lending

UPDATE 2-Tighter subprime lending hurts used-car retailer CarMax

2014-09-23 20:41:30| Auto Dealers - Topix.net

CarMax Inc, the largest U.S. used-car retailer, reported a lower-than-expected quarterly profit as growth in comparable unit sales at its used-car lots slowed to a near halt, hurt by tighter lending norms that kept subprime customers at bay. Shares of the company, which also sells new cars, fell as much as 10 percent in early trading on Tuesday.

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The Latest on Subprime Auto Lending Bubble How Real is It?

2014-09-17 23:19:34| AutomotiveDigest.com - Automotive Industry News

Theres a wide range of opinions on how subprime loans may affect auto financing later this year. Dealers that are doing a lot of business in subprime, and other credit challenged customers such as Buy Here Pay Here, are carefully watching where its heading. Heres an overview of recent news.. Equifax just released a report […] The Article The Latest on Subprime Auto Lending Bubble How Real is It? appeared first on Automotive Digest.

Tags: is it real auto

Subprime auto loan delinquency surge indirectly helps Car-Mart

2014-09-15 09:24:25| Auto Dealers - Topix.net

The rate of auto repossessions jumped 70% across the U.S. led by subprime and deep subprime borrowers, according to credit agency Experian. It's a jump expected by officials with Bentonville-based America's Car-Mart and a trend for which they've prepared.

Tags: auto helps loan surge