Auto loan debt grew in the first quarter, driven primarily by borrowers in the lowest credit tiers, according to the Federal Reserve Bank of New York. Total auto loan debt in the U.S. rose 4 percent year over year to $1.28 trillion in the quarter, the central bank said.
source https://www.autonews.com/finance-insurance/subprime-borrowers-drive-auto-loan-origination-growth-says-ny-fed
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