JD Power: Long-term loans doubled from last year | Auto Finance News | Auto Finance News

JD Power: Long-term loans doubled from last year

© Can Stock Photo / stillfx

Longer-term loans, especially 84-month loans, are gaining popularity with consumers as the auto market sees its sixth straight week of recovery, according to J.D. Power’s weekly COVID-19 auto industry report released yesterday. Retail sales volume continues to improve, clocking in at 26% below pre-virus forecasts for the week ending May 10. Last week, that number […]

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