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Fitch Ratings-New York/Chicago-19 November 2020: Expiring auto loan extensions, a form of payment relief that surged this spring and summer, will result in a moderate increase in delinquencies, particularly for subprime auto ABS, says Fitch Ratings. LEARN MORE


Used-vehicle sales last month fell 5% from October 2019, Cox Automotive estimated in analysis around its latest Manheim Used Vehicle Value Index, which was released Friday.

The company pegged the seasonally adjusted annualized rate for used-car sales to be 37.5 million for October, versus 39 million in September and 39.6 million in October 2019. LEARN MORE


SANTA MONICA, Calif. -  Used-vehicle sales for October are likely to beat year-ago figures by 1%, according to an ALG/TrueCar forecast, which calls for 3.3 million used sales for the month.

While this tally would be a 4% drop from September, it would represent the fifth consecutive year-over-year increase in used sales, ALG/TrueCar said. LEARN MORE

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