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Delinquent car loans on the rise 
11:15 PM CDT on Monday, September 17, 2007
Car sales may be crumbling beneath the weight of the nation’s credit crunch.
11 News has learned the industry is the latest victim in a crisis that has already devastated the housing market.
According to figures released this week by the National Automotive Finance Association, sub prime lenders are experiencing a surge in the numbers of delinquent car loans.
In Houston, some car dealers tell 11 News they’re having a tough time securing financing for customers.
“It’s really slowing our sales down”, according to one salesman at a lot on North Shephard Drive.
Inside KHOU.com
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