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Archive for the ‘auto industry’ Category

Ford to Offer HD Radio with iTunes Tagging

Monday, January 11th, 2010

New technology and Ford are not terms that have historically gone together. The last year or two has been very different for the only US car builder that DID NOT take US tax payer money.
First, they partnered with Microsoft and created Sync. Then, they started creating some really fun cars that people actually want to [...]

End of Year Car Buying

Saturday, December 26th, 2009

If you have waited until the end of the year to buy a car, you did yourself a huge favor.
Dealer and Manufacturer incentives are at levels we have not seen for quite some time as dealers look for end of year sales to boost their numbers. Even lenders are getting more aggressive so they can [...]

Auto Lenders Start to Loosen Lending Standards

Wednesday, September 30th, 2009

Is the worst of the financial crisis behind us? Well, I was skeptical, but now I am starting to believe.
Several auto lenders have recently announced friendlier loan guidelines, or they plan to by the first of the year. Lower interest rates, higher loan advances, lower acquisition fees. Slowly but surely, things are looking better.
As auto [...]

Consumer Protection for Auto Lending – Bad Idea

Sunday, September 27th, 2009

If you do not have perfect credit, you need to read this article.
The government is considering creating a consumer protection agency that would seek to regulate lending for car loans, home loans, credit cards, and so on.
Some of the ideas sound great, in theory. Lower interest rates on auto loans and credit cards, sure. Who [...]

Dealers End Cash for Clunkers BEFORE Government

Friday, August 21st, 2009

Some surveys suggest that two-thirds of all dealers that are enrolled in the Cash for Clunkers program are still waiting for their first disbursement from the government.

Update on Cash for Clunkers Released Today

Tuesday, July 14th, 2009

We found out today that the final details for the Cash for Clunkers program (also called the CARS Program) will be released on July 24th.
I am sure you have seen dealers already advertising that they want you to bring in your “clunker” to be traded in. The thing is, the government has not paid the [...]

Car Allowance Rebate System | CARS Program Info

Thursday, June 25th, 2009

President Obama signed the long awaited Cash for Clunkers program, and it is scheduled to take effect August 1st, 2009. The Cash for Clunkers program is now called the Car Allowance Rebate System, or CARS, and is designed to both help the environment and stimulate the auto industry.
Through the program, consumers can

GM to File for Bankruptcy

Saturday, May 30th, 2009

According to several sources, General Motors will be filing for Chapter 11 Bankruptcy as soon as Monday, June 1st, 2009

Buy a New Car, Lose Your Job, Who Cares?

Saturday, May 30th, 2009

It seems like every vehicle manufacturer is now offering insurance against losing your job if you buy a new car. First, Hyundai offered the ability to give your car back to the dealer/bank if you lost your job. Then, once other manufacturers say how much the gimmick boosted sales, they modified the terms for the [...]

Are Sub-Prime Auto Lenders Coming Back Soon?

Wednesday, May 20th, 2009

Most auto lenders have either changed their lending requirements or have gone out of business. Are things going to change soon?

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