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    Report: Car sales strong, but increased incentives are worrying
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    The auto industry in the US is doing great in 2014. According to our latest By The Numbers report, the Seasonally Adjusted Sales Rate climbed in August to about 17.5 million units, the highest figure since 2006. However, when you scratch underneath the positive surface, the rosy situation might ...

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    Study: Outstanding auto loans total higher than ever
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    It looks like Americans are feeling more confident about borrowing money again, at least when it comes to their cars. Credit reporting giant Equifax has released its latest National Consumer Credit Trends Report, and the data suggests that auto lending is booming in 2014. The total amount of ...

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    Study: New research suggests US auto sales nearing peak
    'Generation N' Will Sap Long-Term Demand 1404943260

    The industry is on pace to sell more than 16 million cars this year ... but don't break out the party hats and champagne just yet. June was a terrific month for the auto industry. Americans made it the busiest month of sales in nearly eight years, buying more than 1.4 million vehicles, ...

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    Report: Ally to pay $98M to settle ethnicity-based discriminatory lending practice probe
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    Ally Financial has agreed to pay a $98-million fine to settle an investigation into unfair lending practices overseen by the Justice Department and the Consumer Financial Protection Bureau (CFPB). In an investigation of lending practices in the year after April 2011, the government agencies ...

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    Report: US car loans reach six-year high
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    US auto loans are at their highest level since before the start of the great recession, according to a report from Automotive News. Originations increased 11 percent during the second quarter of 2013, to a combined $91.8 billion for all credit tiers, while overall sales were up nine percent ...

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    Report: More car buyers favoring longer term loans, up to 10 years [w/poll]
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    The length of car loans in the US keeps on growing as more and more consumers look for ways to save money every month to pay off obligations and necessities. Extremely low interest rates and more durable automobiles have become key factors in driving these new longer-term car loans, which can ...

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    Official: General Motors buys Ally Financial foreign operations
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    In a move that welcomes former pieces of General Motors back into the fold, GM Financial has reached a deal with Ally Financial, formerly GMAC, to buy a piece of the company's international operations. The $4.2 billion deal is for Ally's Latin America, Europe and China operations. "GM is ...

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    Report: More Americans paying their car loans on time
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    Nearly everyone in America with a car loan is making the payment on time, the Detroit Free Press is reporting. A scant .36 percent of people with a car loan are 60 or more days behind on making their payment, according to a TransUnion report looking at the January through March quarter of auto ...

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    REPORT: Car loan delinquincies jump almost 9 percent
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    Delinquent auto loans, those more than 60 days past due, are on the rise. According to credit reporting agency TransUnion, they ballooned 8.9 percent in the fourth quarter of 2008 when compared with the same period a year earlier. While glancing at the Detroit News headline would lead most to think ...

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    GMAC restructuring will shed 930 jobs from financing branch
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    Two days ago we told you about Cerberus head Stephen Feinberg's rather sanguine thoughts on Chrysler. Cerberus' other big auto investment, GMAC, is having a few issues of its own. Last year GMAC's auto lending division posted a profit of $1.77 billion, but losses in the mortgage loan division ...

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