Consumer borrowing surged again in April, helped by the largest gain in credit card borrowing in a year.
The auto industry remained on track for the best sales year in a decade as consumers bought cars and trucks in May at the fastest pace in almost a decade.
The average length of vehicle loans in the first quarter hit record highs, and nearly 30% of new-vehicle loans have pay-back periods longer than six years.
Consumers increased their borrowing in March by the largest amount in nearly a year as borrowing on credit cards rebounded following two months of declines.
GM, Nissan, Tesla and others are bringing more all-electric models to market. But many consumers are still shying away from the technology.
GM, Ford, Fiat Chrysler and Nissan all reported sales gains last month as Americans continued to choose small and midsize SUVs and pickup trucks over cars.
When you need to borrow, avoid loans with exorbitant interest rates or enticements to make you spend and borrow even more.
The all-new 2016 Chevrolet Malibu could be the car that finally vaults GM to the head of this very competitive class -- at least for a while.
When auto companies roll out new cars like they did at last week's New York auto show, the unveilings can sometimes push down the prices of existing models.
Consumers increased their borrowing in February, driven by a jump in auto and student loans that offset a second monthly decline in credit card borrowing.
U.S. auto sales slowed down a bit in March, with sales expected to be flat compared to a year ago, but the industry remains optimistic about the market.
A nationwide crackdown on auto dealers has turned up widespread evidence of false ads, deceptive loans and fake odometer readings, the government says.
The day will come when the Fed nudges its benchmark lending rate from next to zero to something slightly higher. Here's what may happen next.
In some industries, the biggest profit drivers may surprise you: it's not that great steak, those trendy designs on your toenails or a flashy new car.
As cars become more interconnected, the threat of hacking is growing. Here's what automakers are saying and, more importantly, doing.
Buick is the first U.S.-based automotive brand to crack the top 10 in Consumer Reports magazine's annual brand report cards.
SUVs and light trucks have captured 54 percent to 55 percent of the new car market, with buyers lured by low gas prices, low interest rates and long loans.
Warren Buffett's old 2006 Cadillac is going to be auctioned off to raise money for one of his favorite charities now that he has upgraded to a newer model.
Automakers reported double-digit U.S. sales increases in January, a sign that car sales didn't spin out even with a major snowstorm hitting the Northeast.
U.S. consumers increased their borrowing in November, as stronger demand for auto and student loans offset a drop in credit card debt.
With gas prices slipping below $3 a gallon last month for the first time since December 2010, size is back in vogue among American car buyers.