- American Car Center told employees the business was closing its doors.
- Used car sales in the US are falling and prices slid at the end of 2022.
- American Car Center had shelved a bond deal backed by subprime loans citing market conditions.
Subprime Auto Lender American Car Center Closes for Business
American Car Center told employees the business was closing its doors, a day after it pulled a $222 million bond sale from the market, according to people familiar with the matter.
Carmen Arroyo
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