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2 mins read
US Auto Loans Are Surging As Banks Boost Used Car Financing
Additionally, the size of auto loan amounts and monthly payments continued to rise, especially for …
Matthew DeBord and Peter Rude…
1 min read
LIVE: US auto sales
After rising to a record high for a seventh straight year in 2016, the car market may have peaked f…
Akin Oyedele
3 mins read
America's obsession with trucks and SUVs is helping push car loan payments to a 10-year high
But that zeal to give car loans to non-ideal candidates is starting to show its downsides. Last mon…
Rachel Premack
3 mins read
A record 7 million Americans have stopped paying their car loans, and even economists are surprised
The Fed has been tracking the auto-loan industry for more than five years, the economists noted in …
Tanza Loudenback
7 mins read
American auto delinquencies are piling up, revealing the pains of the millions left behind by the US economic recovery
At the same time, Americans became obsessed with large vehicles - trucks, SUVs, and crossovers that…
Alex Morrell
4 mins read
5 signs you can't afford your car, even if you can get a loan
Disclosure: This post is brought to you by the Personal Finance Insider team. We occasionally highl…
Holly Johnson
3 mins read
'It is getting worse': An increasing number of Americans have stopped paying their car loans
"The upturn in the domestic auto industry since the government bailed out GM and accommodated the m…
Matt Turner
1 min read
An increasing number of Americans have stopped paying their car loans, and Wall Street is starting to worry
Fitch, Moody's, Morgan Stanley, Mizuho and Evercore ISI have all published research on the market i…
Matt Turner
3 mins read
Auto lending has evolved, but it isn't a threat to the market or the economy
More days on inventory would suggest a sales slowdown, or a slackening of consumer interest in prev…
Matthew DeBord
10 mins read
Almost anyone can get a car loan now - and that's not a good thing for the country
"The upturn in the domestic auto industry since the government bailed out GM and accommodated the m…
Frank Chaparro
2 mins read
Online lenders haven't been verifying income and employment on their loans, and that should set alarm bells ringing
"Prosper Marketplace Inc. doesn't verify key information like income and employment for around a qu…
Alex Morrell
3 mins read
Six million Americans have stopped paying their car loans, and it's becoming a 'significant concern'
According to UBS research, 65%, 36%, and 22% of lower-, middle-, and higher-income cohorts are "str…
Matt Turner
3 mins read
The auto industry sold more cars in the US in 2015 than ever before
But although everybody except Volkswagen, still reeling from its emissions-cheating scandal, notche…
Matthew DeBord
3 mins read
The US auto industry is on the verge of doing something it's never done before
Analysts surveyed by Bloomberg, both at consumer auto information resources such as Kelley Blue Boo…
Matthew DeBord
1 min read
We just got some data on auto lending, and it's setting off alarm bells
Now, to be clear, JPMorgan decided back in 2013 to pretty much pull out of auto lending to subprime…
Matt Turner
4 mins read
This massive financial force will juice the auto market as bank lenders cower
The game of auto loan musical chairs will continue, likely unabated, until the Federal Reserve Pres…
Jonathan Marino
5 mins read
I've been covering the auto industry for a decade, and I've never seen more people getting the market wrong
That's a micro aspect of the gloominess. The macro aspect entails a massive disruption of the way w…
Matthew DeBord
3 mins read
Three Forces Came Together To Make August The Best Month For Auto Sales In Over 8 Years
Around August of every year, dealers begin their annual tradition of clearing out the existing inve…
Benjamin Zhang
2 mins read
Rising household debt and shrinking incomes are setting the stage for a recession, top economist says
The US economy has two imbalances that could tip it into a downturn, according to economist David R…
Jennifer Sor
3 mins read
The credit card crisis is worse for millennials and Gen Zers
Americans are in the midst of a credit card crisis, and nobody is being hit harder than millennials…