Report: Demand for new cars spurs consumer borrowing

05/20/2013 | AmericanBanker.com (free registration)

Auto loans rose 13% to $70 billion in the first two months of this year, representing half of the $141 billion in new consumer loans in that time frame, reports Equifax. Lenders also reported $11.7 billion of student loan originations in January and February, an increase of 27% from a year earlier.

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