- 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 has closed its doors and pulled a $222 million bond sale from the market. Used car sales in the US are falling and prices slid at the end of 2022.