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Rising car loan default rates spell trouble for automakers

People who took out subprime loans to buy a car are falling behind on their payments at the highest rate since the financial crisis. That could lead to higher costs for people who want a car loan. It’s also bad news for the automakers.  Click the audio player above to hear the full story.

People who took out subprime loans to buy a car are falling behind on their payments at the highest rate since the financial crisis. That could lead to higher costs for people who want a car loan. It’s also bad news for the automakers. 

Click the audio player above to hear the full story.

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Rising car loan default rates spell trouble for automakers