Incentives will hit $4K per car, cut profits, analyst predictsApril 11
First Shift: Nissan's design master stepping downMarch 14
More Americans falling behind on car loan payments, S&P saysOct. 11, 2016
Subprime borrowers are falling behind on their car loan payments at the highest rate in more than six years, according to S&P Global Ratings. Competition has spurred lenders to loosen standards and resulted in more delinquencies and defaults by people with weak credit, the ratings firm said.
First Shift: 50 mpg Chevy Cruze diesel?Oct. 12, 2016
AutoNews Now: Stopping the Bolt - without the brakeSept. 7, 2016
First Shift: At GM, new uses for Flint water bottlesAug. 26, 2016
First Shift: Uber-Volvo self-driving projectAug. 18, 2016
Subprime auto lending gets blasted by comedian John OliverAug. 16, 2016
Comedian John Oliver took a break from mocking Donald Trump and the Rio Olympics to warn about the dangers of subprime auto lending. Oliver devoted nearly 18 minutes of his weekly HBO show “Last Week Tonight” on Sunday to subprime auto lending.
AutoNews Now: Loan market 'overheated,' execs sayJune 3, 2016
Dealer helps high-rate customers refinanceJuly 1, 2015
Honolulu Ford President Mark Benson proactively tries to refinance customers with high-interest-rate car loans, including ones the dealership initially arranged. Failing that, he works to help customers trade up to a new or newer vehicle with a much lower interest rate and monthly payment. He estimates he sells eight to 10 cars a month this way, along with creating good word-of-mouth for future sales.