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Feds say auto loans went up in 2018–but so did the number of delinquencies

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in Auto News

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Money and car keysCar shoppers borrowed more in 2018 than before, but roughly 7 million owners are behind in their car payments by 90 days or more, the Federal Reserve Bank of New York reported Tuesday. Last year, car shoppers borrowed $584 billion to buy new cars, up $9 billion from 2017. Last year's sum is the highest recorded by the Federal Reserve since it...

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