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Subprime auto loans are up. Here's why that's not a crisis

2015-01-04 18:46:55| Auto Dealers - Topix.net

The number of new auto loans made to borrowers with poor credit rose in September to the highest level since 2007, according to Equifax. For one thing, the overall auto loan market is comparatively small -- $900 billion -- compared to $8 trillion of mortgage loans.

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