Repossessions in the US hit 1.6m in 2015, the third highest level on record for data going back 20 years, falling short of the 1.8m and 1.9m peaks seen in 2008 and 2009, respectively. US auto loan market has grown from $750bn in 2011 to $1.1tn at the end of June. Source: FT
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Armed forces participated in a divisive holiday celebration in the Republika Srpska entity, contravening orders from the Ministry of Defence. The members of the Third Infantry Brigade, made up of soldiers from Republika Srpska, participated in the event despite explicit orders not to do so from the Ministry of Defence and a warning from NATO command in Bosnia. Source Balkan Insight
The Bosnian Serb leader may be bluffing when he talks about holding a ‘historic’ referendum this year – but either way, he is pushing the country towards ever-greater instability. Source BalkanInsight
European car sales rose to a nine-year high in 2016, with French manufacturer Renault SA taking advantage of recovering demand and Volkswagen AG’s tarnished reputation to leap to second place from third in the region. Industrywide registrations increased 6.5 percent to 15.1 million vehicles. Source: Bloomberg