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Archive for the ‘Industry News’ Category

The Winners and Losers of February U.S. Auto Sales Revealed

Posted on March 4th, 2014

ride today loans 56January was a weak month for auto sales mostly because of bad weather. Fortunately, February proved to be better for automakers; they sold 1.2 million vehicles last month, which is about a 1 percent increase. However, February was not as good a month for sales for all car manufacturers. Listed below are the winners and losers.

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Chevy Ushers in Truck Month, Has Loads of Incentives in Store

Posted on March 4th, 2014

ride today loans 55If there is a right time to buy a Chevy pickup, that time is now. March 2014 is Chevrolet’s Truck Month—the automaker started a national promotion on March 1st, Saturday, wherein it will offer supplier pricing on all its Silverado pickups and other vehicles. The promotion will run until March 31st.

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Reforming Auto Loan System is Bound to Be a Difficult Job

Posted on February 27th, 2014

ride today loans 54At present, the U.S. auto lending industry is not without worries. Alleged auto loan discrimination is a big concern, and so is the dealer reserve issue. With the federal authorities breathing down their necks, lenders are forced to make changes with the way they finance auto purchases and deal with their partner dealers. However, despite all the changes currently being made, all parties involved have a long way to go before auto loan reform can be achieved.

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TransUnion: Auto Loan Debt, Late-Payment Rate Up in Q4

Posted on February 27th, 2014

ride today loans 53In the last quarter of 2013, car owners in the U.S. not only had more auto loan debt but also made more late payments. This is according to the data released by TransUnion a few days ago.

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Study Shows How Inexpensive Auto Loans are Right Now

Posted on February 27th, 2014

ride today loans 52Planning to finance a car? This may be the best time to do it. Auto loans are inexpensive right now, which could make 2014 another great year for auto sales.

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Auto Loans Continue to Grow and Lenders Maintain Dealer Reserve

Posted on February 24th, 2014

ride today loans 53Auto loans enjoy continuous growth, as Experian Automotive reports a double-digit advance in the fourth quarter of 2013.

In the fourth quarter of last year, total auto loan outstanding balances peaked at $798.5 billion, climbing 11 percent from the 2012 figure. This number is also the highest total recorded ever since Experian started reporting numbers in 2007. 2013′s third quarter figures were also impressive: the total for Q3 was $782.9 billion. This is 15 percent higher than the 2012 Q3 total.

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Vehicle Reliability Dips in Latest J.D. Power Study

Posted on February 24th, 2014

ride today loans 52For the first time in 16 years, vehicle dependability has declined. This is according to the J.D. Power 2014 U.S Vehicle Dependability Study issued on February 12th.

The study by J.D. Power and Associates, an automotive research firm, assesses how Americans feel about their 3-year-old vehicles. The survey had over 41,000 owners of 2011 model year automobiles as participants.

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Auto Industry Slowly Accepting Idea of Dealer Reserve Cap

Posted on February 19th, 2014

ride today loans 47The idea of limiting dealer reserve has been fervently opposed in the past, but now it seems like the industry is slowly accepting such idea.

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Dealers Find Smart Ways to Handle ‘Showrooming’

Posted on February 19th, 2014

ride today loans 46Car shoppers are smarter than ever, and technology helps them outsmart dealers. Not to be outdone, dealers have now come up with ways to handle ‘showrooming,’ also with the help of the latest gadgets.

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Toyota Recalls Nearly 2 Million Prius Models

Posted on February 13th, 2014

toyota priusToyota Motor Corp. announced Wednesday a worldwide recall of 1.9 million Prius hybrid models to fix a software glitch that can cause overheating or automatically shut the car down. (more…)

 
 

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