Auto Loans

The auto industry has been exploding, but it's not all good news. Thanks to the proliferation of auto lending by the big manufacturers, which have topped $1 trillion, the U.S. government is becoming increasingly wary of risky auto loans. According to a CNN Money report, "The Office of the...

CNBC's auto expert Phil LeBeau reported on Thursday that car buyers raked in $1.005 trillion in auto loans during the first quarter of 2016. LeBeau noted that the total car loans topped the $1 trillion mark for the first time ever. He attributed the surge in auto loans to the auto industry hitting...