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Not only are lenders staying away from anything subprime, they’re also pushing more consumers toward the used-vehicle market. And with more than $5.7 billion in loans reported 60 days delinquent, Experian Automotive predicts further market volatility.
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This year the nonprime auto financing industry is facing challenges that it has never encountered before. The National Automotive Finance (NAF) Association hopes to address these challenges at its 13th annual nonprime auto finance conference from June 3 to 5, 2009 in Fort Worth, Texas.
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