Month: July 2014

Auto loans set record as Americans borrow to pay for new vehicles

Auto loans set record as Americans borrow to pay for new vehicles

More Americans owed more money on their vehicles than ever before – more than $902 billion almost midway through 2014 – but fewer are delinquent in making their payments, reports Equifax, the consumer data collection company. That total represents an…

Car companies making progress on crash-prevention systems

Car companies making progress on crash-prevention systems

It’s an unmistakable sound that no driver wants to hear: the squealing of brakes quickly followed by the loud thunk of two bumpers meeting each other at speed. More than 40 percent of the six million car accidents that occur…