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The Boston Globe

Business

Auto loan delinquencies rise, but rate is still low

LOS ANGELES — More Americans fell behind on auto loan payments in the last three months of 2012, a time of the year when some borrowers’ financial obligations temporarily take a back seat to holiday shopping.

Still, the late-payment rate declined on an annualized basis and remained near the lowest point in more than a decade, said the credit reporting agency TransUnion.

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