Despite the recovery in car sales, Australian car loan demand has declined to below levels seen a year ago, and the up-tick in sales is painting a false picture of recovery.
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Recession can cause people to feel a lot of stress, as budgets tighten and people have to do more with less. Fortunately Australia seems to have put the worst behind it, and if you have lost a job or are on the hunt, then things certainly seem to be a lot brighter than a year ago.
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Federal Treasurer Wayne Swan on Tuesday announced the Federal Government of Australia’s intention of propping up the beleaguered auto loan industry and in particular Ford Credit through the activation of a special industry wide guarantee.
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