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.» Read More
A wider range of car buyers in America were able to take out loans and finance their purchase, according to a new report from Experian Automotive.
As more Americans go into dealerships to buy a new car or truck, they are increasingly stretching out their auto loans to at least five years in length, and often to six and seven years.
Michael Farr, Farr, Miller & Washington, offers insight on the "buy now, pay later" society.
CNBC's Rick Santelli and Phil LeBeau discuss pursuing profit in subprime auto lending.
Auto loans, particularly to buyers with credit scores of 679 or lower, are becoming easier to get as credit gets cheaper.
CNBC's Phil LeBeau has the details on the uptick in subprime car buyers. With more people getting loans and buying cars, how is this affecting the economy? Rebecca Lindland, IHS director of automotive research, weighs in on the need for a happy medium.
Look for solid auto sales, with Ford, Jeep, Hyundai/Kia and Tesla in the spotlight.
CNBC's Phil LeBeau has the story on the comeback in subprime auto loans.