SUSAN TOMPOR: $4 gas is forcing late car payments

 06.07.2008 04:21   freep.com

Could gas at $4 a gallon or higher be one of the culprits behind late car payments, too? Mark Zandi, chief economist at Moody's Economy.com in West Chester, Pa., said auto loan delinquencies will keep climbing for another 12 months. By his estimate, auto delinquencies would hit a peak in the second half of 2009.

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