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IPFS News Link • Economy - Economics USA

Subprime Auto Lender And Used Car Retailer Collapses As Distress Cycle Finally Arrives

• https://www.zerohedge.com by Tyler Durden

... which was to be expected: after all the latest consumer credit report from the Fed revealed an exponential spike in the amount of new car loans, which increased by more than $2,000 in one quarter, from just over $38,000 (a record), to $40,155 (a new record).


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