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Pre-Owned Values Down 1.4% in November

Black Book’s Used Vehicle Retention Index is poised to end the year down 2% from the close of 2018.

Black Book reports retained values for used vehicles decreased sharply last month. If the index holds through December, it will end 2019 on a year-over-year decline of nearly 2%.

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Auto Loans and Leases Up 1% in Q3

The Federal Reserve Bank of New York reports auto loan originations grew in Q3 despite a 7.4%...

The Federal Reserve reports U.S. car buyers borrowed $159 billion in the third quarter, a modest gain powered by a 6% increase in originations to prime credit customers.