Credit-Fueled U.S. Car Sales May Need Help From Incomes

By Patrick   follow   Tue, 13 Nov 2012, 2:25am PST   ↑ Like (1)   ↓ Dislike   221 views   0 comments   Watch (0)   Share   Quote

A rebound in U.S. auto sales has been buoyed by the return of easy lending, even to borrowers with flawed credit histories. Some economists question whether the gains can be sustained without a boost in hiring. Auto loans were up 5.5 percent in the second quarter from the same time last year, with riskier buyers accounting for 43.

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