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Is tightened credit behind the crash in new car sales?

August 12, 2019 - 13:40 -- Admin

Earlier this month, the Federal Chamber of Automotive Industries reported that annual new car sale had hit the lowest level since November 2012: Today, The AFR blames part of this decline on tightening automotive credit: In a post-royal commission world, where the banks are struggling to come to grips with what “responsible” lending really means,

The post Is tightened credit behind the crash in new car sales? appeared first on MacroBusiness.

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