American Car Center news and trends

American Car Center Shutters as Auto Loan Delinquencies Rise

February 26, 2023
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American Car Center Shutters as Auto Loan Delinquencies Rise

February 26, 2023
Subprime lender American Car Center has reportedly closed amid a rise in auto loan delinquencies. The Memphis-based used car seller notified employees Friday (Feb. 24) that it was shutting down its operations, closing its headquarters, and firing its workers, Bloomberg News reported, citing people familiar with the matter. The same sources say the closure email […]