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Auto loans

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. 
Scott Olson/Getty Images
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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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Are booming auto loans risky for banks?

by Mark Garrison
Mar 3, 2016
We're borrowing more cash than ever to buy cars - and banks are happy. For now.
A woman signs a contract with a sales consultant at a Hyundai dealership.
PAUL J. RICHARDS/AFP/Getty Images
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Is there a loan that's played a big role in your life?

by Marketplace Weekend Staff
Nov 13, 2015
Was it for good, or bad?
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Auto sales buoyant as consumers get cheap credit

by Andy Uhler
Aug 17, 2015
New loans for cars and light trucks have surpassed $1 trillion for the first time.
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The numbers for October 2, 2014

by Tony Wagner
Oct 2, 2014
Loan fraud, prison banks and domain name speculation: Here's what we're reading.
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