Analysts expect losses to keep rising if used-car prices, already down about 8 per cent this year, fall further.

US banks reverse back from car loan market

Recent data showed the first sequential drop in car loans outstanding at commercial banks in at least six years, suggesting rising delinquencies are spooking subprime-scarred lenders.

Look beyond big cities: Fraser

Treasury secretary John Fraser has suggested that the focus of economic policy making needs to avoid becoming too focused on the big east co...