TransUnion: Late auto-loan payments fall in 2Q

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LOS ANGELES (AP) — More Americans are making their car payments on time, a trend that has sent the rate of overdue auto loans to the lowest level on records dating back more than a decade.

The rate of U.S. auto loan payments at least 60 days overdue fell in the second quarter to 0.33 percent. That’s down about 25 percent from the same period last year and 8 percent from the first three months of this year, credit reporting agency TransUnion said Tuesday.

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