Archive for the ‘Financing’ Category

Auto Loan Delinquency Rate Higher than Great Recession

Young buyers finding it tough to make car and student loan payments.

by on Feb.13, 2019

Auto loan delinquencies are on the rise, and are higher than during the Great Recession.

The Federal Reserve Bank of New York reports that more than 7 million Americans are delinquent on auto loans, even more than during the Great Recession.

The figures, which were part of New York Fed’s quarterly report on household credit, suggest that many consumers are having a difficult paying their bills. Rising prices for both new and used vehicles also are factor, economists said.

Business News!

“Although rising overall delinquency rates remain below 2010 peak levels, there were over 7 million Americans with auto loans that were 90 or more days delinquent at the end of 2018. That is more than a million more troubled borrowers than there had been at the end of 2010 when the overall delinquency rates were at their worst since auto loans are now more prevalent.  (more…)

GAC Coming in 2020; Chief Blames Delay on US-China Issues

Company working on making vehicles U.S. compliant.

by on Jan.15, 2019

GAC Motor President Yu Jun (center) says the company will be ready to enter the U.S. market in 2020.

The first Chinese automaker expected to make an incursion into the U.S. market has put on the brakes for a little while. GAC Motor is delaying its entry into the U.S. market until 2020, due in part to ongoing trade tensions between the U.S. and China.

However, it may not be as simple as the trade climate between the two economic superpowers is too volatile for a Chinese company to set up shop in the U.S. right now.

Global News!

Yu Jun, GAC Motor president, told TheDetroitBureau.com that the automaker was still working on getting its vehicles ready for the U.S. market. He believes they meet regulatory standards now, saying the company was working with U.S. regulatory agencies to ensure compliance. However, he wouldn’t confirm they met U.S. spec yet, preferring to say the will when they come to the U.S. (more…)

Trucks, SUVs Pull in December Buyers Giving Industry Big Boost

Strong final month pushes auto sales past last year's numbers.

by on Jan.03, 2019

Sales of the Jeep Wrangler helped push Fiat Chrysler to a 14% sales increase in December.

Fiat Chrysler Automobiles continued to post strong sales numbers during December as it finished 2018 on a high note, while rivals General Motors, Ford and Toyota reported sales declines despite a heavy marketing push during the holiday season.

FCA enjoyed a 14% sales increase for month, while Ford reported an 8.8% drop and Toyota sales fell by 1.1%. Nissan Group reported a 7.6% increase and American Honda reported a 3.9% increase in December as sales of trucks, crossovers and SUVS. continued to drive the new vehicle market.

News Now!

For example, the Jeep Wrangler notched record December sales of 19,800 vehicles and full-year sales of 240,032. The results significantly exceeded the former full-year sales record of 202,266 set in 2015.  (more…)

Rising Interest Rates Will Drive Auto Sales Down in 2019

Edmunds predicts rates will continue upward.

by on Jan.03, 2019

Rising interest rates and falling incentives are expected to combine to drive down new vehicle sales in 2019.

The Federal Reserve raised interest rates throughout 2018 and, as observers expect to confirm today, new vehicle sales rose year-over-year. However, experts predict that will be a one-time occurrence.

There was a dip in automotive interest rates at the end of the year to help with holiday sales. New vehicle rates averaged 5.9% in December, according to Edmunds.com, after averaging 6% in November, which helped drive a strong end to the year.

Business News!

However, that average was largely driven by banks and other lenders rewarding buyers with excellent credit special low-interest loans rather than an overall shift downward. (more…)

Tesla Pushing Midnight Sales to Clear Backlog of 3K Model 3s

Musk offers big incentives to Tesla employees to buy a new car.

by on Dec.31, 2018

Tesla's Elon Musk is looking to sell Model 3s all the way til midnight to make sure buyers get the full $7,500 tax credit.

Two nights ago, Tesla boss Elon Musk sent out a tweet telling his millions of followers that there was 48 hours left to buy a new EV and still qualify for the full $7,500 tax credit from the U.S. government.

Nothing wrong for being a shill for your company and its products on social media, but it’s becoming more clear as to why he was so motivated to try to drum of up sales for a company that supposedly has a lengthy waiting list for new Model 3 sedans.

Happy New Year!

Tesla has more than 3,000 Model 3s left in inventory in the United States as of Sunday, according to website Electrek, which cited people familiar with the matter. (more…)

Want a Good Deal on a New Car? Now May be the Time!

Big cash incentives, discounted interest rates may equal a good buy.

by on Dec.21, 2018

If you still want a new vehicle during the holidays, some of those big red bows may still be available.

Plenty of automotive experts are predicting that new vehicle sales this year will unexpectedly surpass last year’s results. Part of that is the flurry of activity they’re expecting this month, including the week between Christmas and New Year.

Auto dealers are often busiest at this time of year as they try to squeeze out the last of the new 2018 models and automakers are working to help them with an uptick in incentives and discount financing to entice new buyers to make one more holiday purchase.

Business News!

For those in the market to put a big red bow on top of a new sedan, minivan or sport-utility, now is the time to get out there; however, there are couple of days in particular you should consider, according to Cars.com. (more…)

Beating Predictions, 2018 New Car Sales to Surpass 2017 Results

This year is expected to finish at 17.3 million units.

by on Dec.19, 2018

Against the odds, 2018 new vehicle sales are expected to just clip 2017's results.

This year was supposed to be the start of the slide. Higher interest rates, higher prices and lower incentives were expected to collude, forcing new vehicle buyers to the sidelines in 2018, experts predicted.

At least one expert or group of experts in this case, Edmunds, came out today to predict that it is expecting potentially record-setting sales this month and for 2018 new vehicle sales to tally 17.3 million units, eclipsing last year’s result of 17.2 million cars, trucks, minivans and utility vehicles.

News Now!

“We’ve been saying all year that 2018 would be a down note for the auto industry, but it ended up defying the odds,” said Jeremy Acevedo, Edmunds’ manager of industry analysis. “Automakers are really pulling out all the stops in December to close the year on a high note, and car shoppers seem to be in a buying mood.” (more…)

Used Vehicle Prices Rising, Pushing Buyers to Look at Leasing

Rising interest rates hastening trend.

by on Nov.09, 2018

Used car shoppers are finding higher prices than ever for vehicles.

New vehicle prices have reached all-time highs this year and now used vehicles, the haven for car buyers looking for a deal, have now joined new cars, setting a new pricing benchmark.

The average price of a used vehicle is now $20,084, the highest since 2005 and a 3.5% increase year over year, Edmunds notes, adding that increase is rising as it jumped to 5% in Q3. American preferences for expensive new trucks and utility vehicles pushed new vehicle prices over the $36,000 mark, according to Cox Automotive.

News You Can Trust!

In short, buyers are paying more for a vehicle and with interest rates rising, the options for cutting down that monthly payment are getting tougher. (more…)

Millennials Spending Big on Cars — With Auto Loans to Match

Everything's bigger in Texas, including auto loans.

by on Nov.07, 2018

Texas millennials have higher auto debt than anywhere else in the country, largely because they purchase trucks.

The adage says everything is bigger in Texas. Well, when it comes to car loans, it’s true.

A new survey by Lending Tree reveals that millennials in the Lone Star State are spending big on new vehicles – trucks – and have the large car loans to prove it. Texas is the nation’s largest consumer of new trucks, which are typically not cheap.

News You Can Trust!

More than 25% of all registered vehicles in Texas in December 2017 were privately owned, non-fleet trucks. Ford F-Series trucks sold at a national average transaction price of $46,600 per truck in September. Texans prefer trucks to the point that six manufacturers — GMC, Ram, Ford, Nissan, Chevy and Toyota — have Texas-edition trucks in their line-up. (more…)

New Vehicle Prices Continue to Rise in Fourth Quarter

More content, higher interest rates driving increase.

by on Nov.01, 2018

Ford's new SUV sales are on the rise, as is its average transaction price by $1,400 per vehicle.

Despite predictions of an overall decline, U.S. auto sales rose slightly in October, led by companies with shiny new sport-utilities and crossovers to offer buyers.

However, those more desirable vehicles combined with rising interest rates are resulting in new vehicle prices that are on the rise. This is likely, at least according to one automaker, put a dent in sales for the remainder of the year.

Subscribe Now!

During its sales call, executives at Ford Motor Co. warned sales numbers will continue to fall in 2018, in part because of the rising interest rates pushing up prices. (more…)

220km.com.ua

www.steroid.in.ua/products/klenbuterol-kurs

В интеренете нашел авторитетный портал со статьями про центр реабилитации наркозависимых https://renesans-centr.kiev.ua