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Archive Home > 2008 > May > 27 > Auto industry feels credit crunch

Auto industry feels credit crunch

With financing harder to secure, ‘08 looks bleak for sales

By Eric Dash / The Bulletin
May 27, 2008

The auto industry is getting sideswiped by the housing crisis.

Auto lenders and banks, closing their wallets, have prevented hundreds of thousands of consumers from getting financing for a car. Home equity loans, which had been used in at least one of every nine deals, when lenders were more....

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