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New-Car Sales Expected To Surpass 15 Million Units In 2013, According To Kelley Blue Book Analysts

New-car sales in 2013 are expected to surpass 15 million units overall, driven by replacement demand, low interest rates, and compelling product redesigns and introductions, according to Kelley Blue Book, http://www.kbb.com, the leading provider of new car and used car information. “These factors have kept vehicle sales moving forward despite powerful economic headwinds, and Kelley … Continue reading

More credit checks mean more loans

Here’s a chicken-or-egg question: Do people check their credit because they want a loan, or do they want a loan because they check their credit? A TransUnion study released last week said someone who “actively” monitors a credit file is more likely to take out a loan than someone who only checks credit status once … Continue reading

Strong auto sales expected to continue

Americans headed to auto finance companies for car loans during September in high numbers last month. During September, the automotive industry reached its best sales month since March 2008 with sales of cars and light trucks coming in at an annualized rate of 14.9 million, according to Autodata. By year’s end, the sales pace in … Continue reading

The unscientific proof that the U.S. auto industry has recovered

The U.S. auto industry and, by extension, Michigan’s economy are back on their feet again. It’s official. At least it is by my personal measure. Now you can monitor official government measures — yes, the state’s unemployment rate is down. But I prefer QUACK, or Quasi-Arbitrary Commute and Kitchens Index, my own yardstick based on … Continue reading

At last, a driver-friendly warning device for lane departures

I’ve never been a fan of lane-departure warning devices. Vehicles with these systems seemed like overanxious nannies, buzzing with alarm whenever I even thought about changing lanes. But now I’m willing to give the technology a second look. A few weeks ago, I test drove TRW’s Lane Keeping Assist, which was installed in a Lancia … Continue reading

Auto-Loan Rates at Record Lows Helps Drive Sales in U.S.

When it comes to car loans, money is cheap — historically cheap. Yogesh Mathur discovered that when he was in the market for a minivan for his baby-on-the-way. To keep his monthly bill reasonable, the Wheeling, Illinois, software engineer figured he would have to come up with a large down payment. Instead, Mathur got money … Continue reading

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