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Car loans hit $1 trillion for first time
2015-11-16 11:26:36| Auto Dealers - Topix.net
The loan balances have been driven up by a combination of three factors -- strong car sales, rising car prices and low interest rates. "There are a lot of lending choices for consumers, a lot more competition," said Jason Laky, automotive business leader at credit agency TransUnion, which reported the record level of car loans.
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Category:Automotive
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