Auto Loans


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

    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

    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.

  • Record loans by car buyers  Monday, 1 Dec 2014 | 8:20 AM ET

    The buyers of new and used cars are borrowing record amounts of loans, reports CNBC's Phil LeBeau.

  • Oct 30- General Electric Co is in early stage talks to sell its stakes worth more than $1 billion in its South Korean auto-financing and credit card businesses, the Wall Street Journal reported, citing people familiar with the matter. The sale would unwind a partnership that began 10 years ago between GE and Hyundai Motor Co. GE is in talks with Hyundai, which has a...

  • How to avoid overpaying for your car loan Tuesday, 14 Oct 2014 | 5:45 PM ET

    "You really need to shop for the loan before you shop for the car," one consumer advocate says.

  • Balances remaining on auto loans have risen by about a third since April 2011, reaching an all-time high of $924.2 billion in August, according to credit reporting bureau Equifax. The Consumer Financial Protection Bureau said in September that it is taking steps to oversee auto lenders that have previously been less regulated, and companies like GM Financial...

  • No auto loan bubble: AutoNation CEO  Thursday, 2 Oct 2014 | 6:33 AM ET

    Mike Jackson, AutoNation chairman & CEO, weighs in on the role of sub-prime auto loans in the marketplace.

  • Courts rule on Fannie & Freddie  Wednesday, 1 Oct 2014 | 12:46 PM ET

    A DC Federal Judge dismissed investor lawsuits related to Fannie Mae and Freddie Mac profits. CNBC's Kate Kelly says the ruling is a major potential blow to smart money involved.

  • Next lending crisis?  Wednesday, 1 Oct 2014 | 12:44 PM ET

    Some investors are warning a wave of auto loan defaults could lay ahead, reports CNBC's Kate Kelly.

  • New debt crisis fear: Subprime auto loans Wednesday, 1 Oct 2014 | 12:18 PM ET

    Investigations into lending practices and concerns about the exits of investors have some warning that trouble could lie ahead.

  • Miss a payment? Good luck moving that car Thursday, 25 Sep 2014 | 7:55 AM ET

    Subprime lenders are increasingly relying on technology that allows them to track and disable delinquent borrowers’ vehicles.

  • Fed keeps rates low, but brace for the inevitable Thursday, 18 Sep 2014 | 7:47 AM ET

    Record-low interest rates will be around for at least a few more months, the Federal Reserve made clear Wednesday. Enjoy easy money while it lasts.

  • WASHINGTON, Sept 17- The U.S. consumer watchdog on Wednesday announced plans to scrutinize big non-bank auto finance companies for the first time, citing concerns about how the lenders market car loans and collect on debts.

  • WASHINGTON, Sept 17- The U.S. consumer watchdog on Wednesday announced plans to scrutinize big non-bank auto finance companies for the first time, citing concerns about how the lenders market car loans and collect on debts.

  • WASHINGTON, Sept 8- U.S. consumer credit soared in July, posting its biggest jump since November 2001, driven in part by demand for auto loans and student borrowings. Total consumer credit increased $26.01 billion to $3.24 trillion in July, the Federal Reserve said on Monday.

  • Debt-averse millennials steer clear of credit cards Monday, 8 Sep 2014 | 12:01 AM ET

    Individuals aged 18-29 are less likely to own a credit card than any other age group, according to a new Bankrate.com study.

  • U.S. consumers turn to auto loans at a record rate Wednesday, 3 Sep 2014 | 8:30 AM ET

    In the second quarter, 85 percent of new car purchases and 53.8 percent of used car purchases were financed, according to data from Experian Plc, an information provider.

  • Car dealers dealing out more subprime loans  Wednesday, 20 Aug 2014 | 4:14 PM ET

    More Americans are falling behind on auto loans. CNBC's Phil LeBeau reports 19.6 percent of auto loans are subprime or deep subprime.

  • Q2 auto loan trouble  Wednesday, 20 Aug 2014 | 1:01 PM ET

    CNBC's Phil LeBeau says subprime auto loans surged in Q2, according to Experian.