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Access for auto loans improved in August thanks to longer terms and more subprime borrowing, despite year-over-year increases in new- and used-vehicle prices. Affordability pressures are boosting subprime lending, as more credit-challenged consumers need to finance vehicles, Henry Silvia, chief executive and president of Fort Lauderdale, Fla.-based subprime lender Equity Auto Finance told Auto Finance […]
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David Thompson
David Thompson
David Thompson
