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Late-payment rate on US auto loans rose in 2Q

By Alex Veiga
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As U.S. sales of cars and trucks have grown this year, so has the late-payment rate on auto loans.

The rate of U.S. auto-loan payments late by 60 days or more rose to 0.95 percent in the second quarter from 0.87 percent a year earlier, credit reporting agency TransUnion said Tuesday.

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