At car dealers across the United States, loans to subprime borrowers are surging — up 18 percent in 2012 from a year earlier, to 6.6 million borrowers. And it's the Federal Reserve that's made it all possible.
CNBC's Phil LeBeau has the details on a new finance program that could boost sales for the electric car company.
Mike Jackson, Chairman & CEO at AutoNation, reports his company's monthly sales numbers; and discusses Tesla's new auto financing program.
Median-income families in only one major U.S. city actually can afford to buy a new car, a new study finds.
Mike Jackson, AutoNation chairman & CEO, discusses his company's robust sales numbers and what it says about the state of the auto industry. "The American consumer is moving on with their life," Jackson added.
CNBC's Kayla Tausche reports consumers are having an easier time getting loans due to competition in the market.
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.
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.