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New-car subprime financing, leasing grow, Experian reports

The market share for nonprime, subprime and deep subprime lending for new vehicles expanded 13.6 percent in the third quarter over the same period a year ago, according to a report by Experian Automotive. The report, released Tuesday, said lending to higher risk new-vehicle customers grew to 24.8 percent of total loans in the third … Continue reading →