Millions of Americans with shoddy credit records are obtaining used car loans, resembling the subprime mortgage mess, The NYT found.» Read More
Americans defaulted at the lowest rates last month since before the recession rocked the U.S. economy, according to a new report.
Jeff Snider, Alhambra Investment Partners, says the growth in auto and student loan debt are the best ways to create systemic poverty in the U.S.
Ally Financial is debuting on Wall Street. Michael Carpenter, Ally CEO, discusses the company's IPO pricing range and why the bank chose to go public and not sell.
CNBC's Phil LeBeau reports the average auto loan is now averaging $27,430 according to Experian. The "Closing Bell" panel provides perspective on the data.
CNBC's Phil LeBeau reports the average auto loan is now at an all-time high.
CNBC's Phil LeBeau details the latest new car loan data.
PARIS, Feb 13- PSA Peugeot Citroen and Banco Santander are close to agreement on a European car loans alliance that the French carmaker plans to unveil alongside a recapitalisation deal with Chinese partner Dongfeng, sources said on Thursday.
Feb 4- U.S. auto dealer Asbury Automotive Group Inc posted a better-than-expected quarterly profit as easier availability of loans amid an improving economy encouraged more people to buy cars.
*Shares hit a high of $26.45, valuing company at $9.19 bln. Jan 23- Shares of Santander Consumer USA Holding Inc, the auto-finance unit of Spanish bank Santander SA, rose as much as 10 percent in their U.S. market debut as investors expect the company to benefit from rising auto sales. As of Sept. 30, about $850 billion of auto loans were outstanding in the United States.
Alec Gutierrez, Senior Market Analyst, Automotive Insights at Kelley Blue Book said low rates and enticing lease offers have helped to get consumers back into auto showrooms.
CNBC's Rick Santelli discusses rising rates and auto sales.
Renaud Laplanche, CEO of Lending Club, discusses the growing trend among some consumers to bypass banks and borrow money directly from individuals.
Ezra Becker, TransUnion, provides an overview of the U. S. consumer credit landscape, including a look at credit card use, mortgage lending, student loan volumes and auto lending.
David Dietze, President & Chief Investment Strategist at Point View Wealth Management, says that investors should not get into Tesla Motors as the stock is just too expensive.
The percentage of auto loans that are past due is rising due to subprime borrowers, reports CNBC's Phil LeBeau.
With more cars on the lot this year, the summer auto sale are likely to be back in full force. But not every deal is a steal. Consumers will need to shop wisely.
The Consumer Financial Protection Bureau expanded its probe into the car loan industry by issuing subpoenas to auto lenders over the sale of financial products like extended warranties, the WSJ reported.
Six- and seven-year loans are becoming an increasingly popular choice — and some lenders will even stretch that out to eight years. These long-term loans allow buyers buy the vehicle they want, but it also costs them more.
A report suggests 20-somethings living in their parents' basement may take after the thrifty, debt-averse survivors of the Great Depression.
CNBC's Phil LeBeau breaks down the costs of the electric automaker's new financing program.