NPR Story
5:43 am
Mon May 28, 2012

Subprime Market Aids Car Industry Growth

Originally published on Mon May 28, 2012 5:49 am

The average credit score for new- and used-car buyers has taken a fall since the days of the financial crisis in 2008. It's fallen especially in the last two quarters. Brands such as Kia and Dodge are gobbling up a disproportionate number of subprime buyers. An increasing number of new-car buyers are getting loans with interest rates higher than 10 percent.

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