Finance Insurance

Some banks to ease back on auto loan growth

Analysts project U.S. sales of new light vehicles will rise to 16.1 million units to 16.4 million units in 2014 from 15.6 million units in 2013. Some big auto lenders said they still expect to grow, but they prefer to pass up some volume rather than cut margins to chase market share in 2014. (REUTERS)

January 22, 2014 05:00 AM

Some banks are backing off the accelerator on auto loans for 2014 because of heavier competition and a desire to protect margins.

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