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New- and used-vehicle averages jumped in late January, though they peaked in the fall.
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Average for new and used vehicles decreased in the third quarter.
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Bundle also includes installation, providing one-stop-shop for EV ownership.
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Despite a 51% net income decline, the company’s net income is higher year-over-year.
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Financial crises have long served as a catalyst for fraudulent activity in the automotive industry.
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Hits 2 ½-year low. Subprime, negative-equity shares fall.
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Report shows those 60 days or more overdue reached 10-year high.
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Fed Chair Jerome Powell has said the committee plans to complete tapering before raising rates, and markets are targeting June as the possible date for the next rate hike.
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One industry analyst said the quarter-point hike will result in new-vehicle sales dropping below 17 million units in 2018, noting that the Fed Reserve’s previous three increases are responsible for fewer new leases and this year’s shift from new to used.
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The total dollar amount of automotive loan balances outstanding hit $839.1 billion in the second quarter of 2014, up 11.7% from the previous year. Officials said the industry should watch this trend closely, as it may dictate the availability of credit in the future.
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