This category contains 48 posts

TransUnion: Non-prime Originations, Delinquencies Rose During Second Half of 2012

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

How to Capitalize on New Car Incentives

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

Refinancing a Car Loan with Bad Credit

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

Fed Says Banks Forecast Improved Lending Outlook for 2013

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

High-strength steel is the future of the automotive industry

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

FTC’s proposed used-car rule a lemon, critics claim

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

Consumers want more connected vehicles

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.

Smaller, smarter cars to star in Detroit

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

Automakers flourishing with strong December sales

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

Fuel economy hits all-time record: 23.8 mpg

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