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Auto loans

Americans added more than $11 billion of consumer debt in May

by Mitchell Hartman
Jul 9, 2024
The amount includes money owed on things like credit cards, auto loans and student loans. Delinquencies are also rising.
Loan delinquencies 90-days or more past due are now the highest in more than a decade. 
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Vehicle sales tell story of separate economic realities

by Erika Beras
Jan 15, 2021
The average selling price of new vehicles reached a record high in late 2020. Last year also saw vehicle loan debt increase to record levels.
Prices rose in both the new and used vehicle markets last year.
Spencer Platt/Getty Images
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Consumer lending is a bright spot for big banks

by Justin Ho
Oct 17, 2019
Even as retail sales growth is showing signs of stalling, consumers are continuing to borrow.
The JP Morgan Chase headquarters in Manhattan.
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Auto loans are taking longer to pay off

by Kai Ryssdal and Bennett Purser
Oct 2, 2019
That could hurt consumers but benefit banks and dealerships.
Ford F-150s are lined up at a dealership in Hudson, Wisconsin.
Karen Bleier/AFP/Getty Images
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Auto loan delinquencies rise for younger drivers

by Erika Beras
Feb 14, 2019
New car sales have been high for the past few years, and that means there are a lot more car loans out there. There are a lot more delinquent ones, too. According to a report from the New York Federal Reserve, 7 million borrowers are at least 90 days late on their payments, the highest […]
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Consumer Financial Protection Bureau warns of longer-term car loan risk

by Aaron Schrank
Nov 7, 2017
There’s been a big increase in the number of long-term car loans purchased by U.S. drivers in recent years, according to a recent report by the Consumer Financial Protection Bureau. Longer-term loans mean smaller monthly payments for borrowers, but they also mean more risk.  Click the audio player above to hear the full story. 
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Why are subprime auto loans still a thing?

by Jana Kasperkevic
Jun 21, 2017
Did we not learned anything in 2008?
A sign advertises easy credit at a used car dealership in Chicago, Illinois. 
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Auto-loan market starting to spook lenders

by Adam Allington
May 12, 2017
The state of the auto loan market is causing some concern among analysts. Many are drawing comparisons with the mortgage-lending crisis that figured largely in the financial crash of 2008. At issue is the growing number of riskier, subprime loans. Default rates are going up too.  And lenders are starting to get spooked.  Click the […]
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LendingClub expands its business around auto loans

by Sally Herships
Oct 25, 2016
LendingClub, the peer-to-peer loan company, is getting into the auto loan business. Americans borrow over $500 billion a year to help pay for their cars. But there’s a lot of room on the road for more business — only $40 billion a year is refinanced. Also, Lending Club says the company has already invested in its […]
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Just how healthy is the auto loan industry?

by Annie Baxter
Sep 7, 2016
Experian says borrowers are "very prime," but not everyone agrees.
The delinquency rate on car loans is up slightly but subprime car loans are shrinking. 
MARK RALSTON/AFP/Getty Images
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