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Used Cars

GM, Ford captive financiers may lose billions on used-car price plunge

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By:
KEITH NAUGHTON and DAVID WELCH
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By:
Bloomberg
|
April 20, 2020 03:44 PM

The captive finance arms of General Motors and Ford Motor Co. likely face multibillion-dollar losses linked to the dramatic drop in used-vehicle prices, JPMorgan Chase & Co. analysts said.

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