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...» Read More
With auto sales accelerating, Mike Jackson, AutoNation CEO, breaks down their strong auto sales numbers for November and provides his forecast for 2015.
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.
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...
"You really need to shop for the loan before you shop for the car," one consumer advocate says.
Mike Jackson, AutoNation chairman & CEO, weighs in on the role of sub-prime auto loans in the marketplace.
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.
Some investors are warning a wave of auto loan defaults could lay ahead, reports CNBC's Kate Kelly.
Investigations into lending practices and concerns about the exits of investors have some warning that trouble could lie ahead.
Subprime lenders are increasingly relying on technology that allows them to track and disable delinquent borrowers’ vehicles.
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.
Individuals aged 18-29 are less likely to own a credit card than any other age group, according to a new Bankrate.com study.
More Americans are falling behind on auto loans. CNBC's Phil LeBeau reports 19.6 percent of auto loans are subprime or deep subprime.
CNBC's Phil LeBeau says subprime auto loans surged in Q2, according to Experian.
Experian Automotive's Q2 report show a significant 70 percent increase in the rate of auto repossessions, reports CNBC's Phil LeBeau with a look at the recent data.
GM received a subpoena from the US Department of Justice requesting information about the company's use of subprime automobile loan contracts.
CNBC's Phil LeBeau; John Berlau, The Competitive Enterprise Institute; and the "Closing Bell" panel discuss if the rise in subprime loans will trigger another crisis.
This will be the best auto year probably in the last eight or nine years, predicts John Stumpf, Wells Fargo CEO, sharing his expectations on the auto industry. And AutoNation's Mike Jackson, weighs in.
Bank of America will announce it will lower the threshold for consumers who qualify for discounts on loans and other benefits.
CNBC's Phil LeBeau reports on the new ways customers are financing their vehicles.