Auto Lending at Record High Unseen Since 2006

WOMAN AND CREDIT CARDFueled by a record high level of borrowing for car purchases, Americans probably bought about 1.4 million motor vehicles this month, pushing sales up more than 10 percent from July 2013. By most forecasts this will be the best July on record since 2006, more than a year before the start of the Great Recession that sent the auto industry into a crisis.

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