Despite the risks subprime auto loans carry, the market is likely to experience only marginal losses through 2015 according to a recent analyst forecast.
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Want to know why Mercedes, Audi, Lexus and all of the other luxury players are doing so well these days? Because of less-costly, lower-end luxury models.
In celebration of a key milestone, General Motors CEO Mary Barra gave away a 2016 Chevrolet Malibu Monday, a feat that could never happen with the old Malibu, even with Oprah’s help.
After going broke for so long, Lotus Cars CEO Jean-Marc Gales says his company will be back in the black by March 2017, when FY 2016 ends.
According to AAA’s 2015 Your Driving Costs study, annual driving costs costs fell 2 percent to an average of $8,698 in 2015.
City officials in Arlington, Texas will vote Tuesday evening to approve incentives for General Motors’ $1.2-billion expansion of Arlington Assembly.
The law of unintended consequences has found another victim in Norway as the nation re-assesses its electric vehicle incentives amid soaring sales.
This Friday, Ford will announce a $2.5-billion investment plan for two of its factories in Mexico.
Though CarMax’s lending arm will press forward with its subprime lending test program, it won’t be a major player in the subprime game.
Should things go as planned, China National Chemical Corp. — ChemChina — will buy into Pirelli in a €7.1 billion ($7.7 billion USD) deal.
In the past, six-year auto loans were few and far between. Today, more of those loans are being issued, with seven- and eight-year loans gaining popularity.
Should Republicans in the U.S. House have their way, the loan program meant to foster development of advanced automotive technologies would be killed.
Forget about leasing Benzes and Lexuses: trucks are the new hotness, thanks to higher residuals and transaction prices, as well as more content.
Though most lenders aren’t comfortable with the idea of 84-month auto loans, Ally Financial is going full steam ahead with such loans.
With auto lending easier to come by these days, bank regulators and analysts are keeping their eyes open for potential signs of trouble.
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