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While noticing a surge in non-prime originations, TransUnion came out Tuesday saying that the national auto loan delinquency rate moved higher to close 2012 but continued to remain near historic low levels. TransUnion determined the ratio of borrowers 60 or more days past due ticked up to 0.41 percent in the fourth quarter. In Q3, … Continue reading
Saving money on a newly purchased vehicle can easily be accomplished with the help of new car incentives and rebates that local dealers provide to consumers. Many people tend to become worried and stressed about buying a new or used vehicle, especially when they want to stay within a certain price range. Luckily thanks to … Continue reading
The decision to refinance a car loan with bad credit is one that can help a person save money or at least lower their monthly payments due to a lengthened finance term, but is this route for everyone? In most cases a consumer will only focus on the possible advantages to refinancing a vehicle with … Continue reading
U.S. banks expect credit quality to rise in 2013 after they eased standards on loans for autos and businesses of all sizes, according to a Federal Reserve survey. “Banks expect improvements in credit quality in most major loan categories” in 2013, the central bank said today in its quarterly survey of senior loan officers released … Continue reading
Automakers are not just looking to alternative fuels and engines to increase fuel efficiency – many are light-weighting vehicles with high-strength steel in order to get weight down and gas mileage up. It appears that Americans heading to car loan companies in the coming years will be in for lighter, more fuel-efficient vehicles. The North … Continue reading
The Federal Trade Commission (FTC) is in the process of updating its Used Car Rule — and some prominent consumer advocates are not happy with the proposed changes. “The FTC really blew it,” said Rosemary Shahan, founder and president of Consumers for Auto Reliability and Safety (CARS). “This industry has a real problem and the … Continue reading
The results of a recent survey showed consumers want more connectivity in their cars, as they look to plug in their smartphones and mobile devices to download applications.
Cars are shrinking and shedding weight to save fuel, but automakers aren’t neglecting good looks and speed. For instance, at the Detroit auto show next week Audi may show the RS7, a high-performance version of the A7. And Chevrolet will unveil a redesigned Corvette. BMW has redesigned the 3-series coupe and has given it a … Continue reading
Two more automakers have joined the list of those that experienced strong sales in December, as the industry finishes out a year of overall gains. Hyundai recently reported sales of 59,435 vehicles in December, accounting for a 17 percent increase when compared to December 2011. “We closed 2012 with strong demand in both volume and … Continue reading
American motorists are getting more out of their new vehicles as the average fuel economy of new cars and trucks sold increased 6 percent and set an all-time high in 2012 as consumers responded to higher gas prices and the increased availability of attractive high-mileage products, according to a study. University of Michigan Transportation Research … Continue reading
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