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1.Market Observations, 8.Was Sticky

5 Apr 2017 (AFR) – Investors nervous amid growing stress in US credit markets as auto loans sour

(5 April 2017, AFR, p26, by Karen Maley)

‘A tone of caution has crept back into US markets as investors worried that growing stresses in the car loan market could portend bigger problems ahead. The market’s mood was dampened on news that US March vehicle sales shrank to the lowest level in more than two years, weighed down by rising interest rates and the widening price gap between new and used cars. According to Autodata, US vehicle sales ran at a seasonally adjusted annual rate of…’

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