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Subprime auto lender American Car Center closes for business

The lender has $1.2B in ABS issuances since 2018

Bloomberg News

American Car Center told employees the business was closing its doors, a day after it pulled a $222 million bond sale from the market, according to people familiar with the matter. The used car retailer, which tends to target consumers regardless of their credit history, said in an email to employees on Friday the firm […]

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