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Debt Auto Loans


  • Auto lender GM Financial revenue jumps 23 pct Thursday, 23 Apr 2015 | 12:12 PM ET

    April 23- General Motors Financial Co Inc, the auto financing arm of General Motors Co, reported a 23 percent jump in quarterly revenue, as it benefited from the automaker's efforts to bolster its lending operations. General Motors said earlier this year that GM Financial would replace Ally Financial Inc as the exclusive lessor for Buick, GMC and Cadillac...

  • Bubble trouble for subprime car loans? Thursday, 2 Apr 2015 | 8:16 AM ET
    Subprime car loan bubble brewing?

    Tim Russi, Ally Financial, weighs in on the health of auto financing after a recent jump in subprime loans.

  • Honda Civic has something for everybody Wednesday, 1 Apr 2015 | 2:30 PM ET
    Honda Civic has something for everybody

    John Mendel, American Honda Motor Co., discusses detail about the new 10th Generation Honda Civic and what consumers can expect in the near future.

  • GM March US sales tumbles 2.4% Wednesday, 1 Apr 2015 | 9:30 AM ET
    GM March US sales tumbles 2.4%

    CNBC's Dominic Chu breaks down General Motors latest sales numbers.

  • LendKey & TrueCar offer new way to finance cars Monday, 9 Mar 2015 | 4:55 PM ET
    LendKey & TrueCar offer new way to finance cars

    It is now common to price out cars before going to visit the dealer. Vince Passione, Lendkey founder and CEO, is trying to do the same thing online for car loans.

  • 7 year car loan ok if you plan to hold on to it Wednesday, 4 Mar 2015 | 3:36 PM ET
    Toyota dealership, auto dealer, auto sales

    Auto loans are up 29%. Discussing whether car buyers should pay cash or take the longer loan at a low interest rate, with Jonathan Clements, WSJ Finance columnist, and Mark Martiak, Premier Financial Advisors, who says it is a smart move to take advantage of low rates.

  • Car loans at record high Wednesday, 4 Mar 2015 | 2:08 PM ET
    Car loans at record high

    Auto loans are up 29% and there is a boom in demand for SUVs, reports CNBC's Phil LeBeau.

  • AutoNation CEO: I don't see subprime loan trouble Wednesday, 4 Mar 2015 | 9:26 AM ET
    Auto Loans application

    AutoNation's CEO says he's not worried about subprime car loans even though Wells Fargo said it would cap lending to borrowers with low credit scores.

  • AN CEO: Auto sales all about trucks Wednesday, 4 Mar 2015 | 7:17 AM ET
    AN CEO: Auto sales all about trucks

    Mike Jackson, AutoNation chairman & CEO, has the update on what's driving February sales and shares his thoughts on whether the industry is increasing subprime loans.

  • Jump in 7-year auto loans Wednesday, 4 Mar 2015 | 7:02 AM ET
    Jump in 7-year auto loans

    Consumers are increasingly taking out longer term loans in order to keep their monthly payment as low as possible, reports CNBC's Phil LeBeau.

  • Wells Fargo puts ceiling on subprime auto loans Sunday, 1 Mar 2015 | 10:33 PM ET
    A Wells Fargo bank branch in New York City.

    Wells Fargo, one of the largest subprime car lenders, is pulling back from that market, a move that is being felt throughout the auto industry. New York Times reports.

  • WASHINGTON, Feb 25- Santander Consumer USA Holdings Inc will pay at least $9.35 million to resolve charges that it improperly repossessed the cars of members of the U.S. military, the U.S. Department of Justice said on Wednesday. SCUSA is the tenth largest U.S. auto lender, according to data provider Experian Automotive. The amount of outstanding auto loans...

  • U.S. online marketplace for auto loans debuts Monday, 23 Feb 2015 | 2:59 PM ET

    NEW YORK, Feb 23- DriverUp, a U.S. online marketplace that allows hedge funds to invest directly in car loans, launched on Monday with a $50 million investment from venture capital firms. Before starting Sierra in 2012, Ellis founded Exeter Finance Corp, a subprime lender acquired by Blackstone Group LP in 2011.. Consumers took out $105 billion in auto loans in the...

  • Auto loan debt surges Thursday, 19 Feb 2015 | 3:40 PM ET
    A customer ooks at a Ford vehicle on the showroom floor at a Ford AutoNation car dealership in North Miami, Florida.

    Americans have been borrowing record amounts for autos. Sharing concerns for subprime auto loans, with John Berlau, Competitive Enterprise Institute.

  • Auto loan surge: Who's buying? Thursday, 19 Feb 2015 | 1:31 PM ET
    Auto loan surge: Who's buying?

    New data shows Americans have borrowed a record amount in auto loans. Details, with CNBC's Phil LeBeau.



  • US government exits Ally Financial Friday, 19 Dec 2014 | 9:08 AM ET
    US government exits Ally Financial

    CNBC's David Faber reports the Treasury Department will sell its remaining shares in Ally Financial which were acquired under the government's bailout of the auto lender. Jim Cramer provides insight.

  • AutoNation CEO: Sales increase all in trucks Wednesday, 3 Dec 2014 | 10:23 AM ET
    Employees cheer as the first 2015 Ford F-150 truck rolls off the production line at the company's Dearborn Truck Assembly facility in Dearborn, Michigan, Nov. 11, 2014.

    With auto sales accelerating, Mike Jackson, AutoNation CEO, breaks down their strong auto sales numbers for November and provides his forecast for 2015.

  • Planes & autos consumer check Monday, 1 Dec 2014 | 1:28 PM ET
    Planes & autos consumer check

    CNBC's Phil LeBeau provides insight to the impact, if any, of lower jet fuel costs to airline customers, and cheaper gas to the auto industry. He also discusses why shares of Tesla are down.