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1.Market Observations, 8.Was Sticky

7 Sept 2016 (TheAge) – Car loan losses hit six-year high, says Fitch Ratings, driven by mining sector downturn

(7 September 2016, The Age, BusinessDay, p20, Clancy Yeates)

‘Banks’ loan losses from car financing have risen to a six-year high, new figures show, as the patchy labour market and the mining slump causes more borrowers to fall behind on their payments. Fitch Ratings says the proportion of automobile loans that suffered a loss after lenders sought to repossess the vehicle rose to…’

Read more at TheAge.com.au

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