Subprime Auto Loans

Ally Financial Inc (NYSE: ALLY), a notable player in the subprime auto loan market, warned investors its 2017 earnings per share will now grow less than previously expected. Ally Financial isn't alone in its outlook, as major banks are becoming hesitant in issuing new subprime loans suing money...

Evidence continues to mount that the subprime auto lending market has a bumpy road ahead. New data suggests U.S. dealers are struggling to sell automobiles so far in 2017, and subprime lenders are taking notice. CNBC’s Phil LeBeau reports that auto dealers are offering record-high incentives...

The deterioration in U.S. auto credit is expected to continue in 2017, Fitch Ratings said in a report released in early April. Specifically, the firm sees auto asset-backed securities portfolios at risk. With subprime loan saga rearing its ugly head once again, auto lenders, as well as automakers...

Auto lender Ally Financial Inc (NYSE: ALLY) on Tuesday let out a hint that exposure to subprime loans could be hurting it, as used car prices continue southward. Toned Down Adjusted EPS Expectation For 2017 In its financial outlook update issued Tuesday, the company lowered its 2017 adjusted...

The auto industry could be in trouble, as CNBC reported delinquencies in subprime auto loans are on the rise. CNBC, citing data from Fitch Ratings, stated that delinquencies of at least 60 days for subprime auto loans have risen by 13 percent month-over-month in July and are higher by 17 percent...