GMAC's Lower Credit Score Requirement Gives Dealers Increased Sales
It seems now that GMAC has lowered its minimum credit score and made auto financing more available, buyers are finally coming out of hiding and buying cars.
Car dealers are seeing more traffic in their showrooms and some are even seeing sales increase, reports Dealers Edge.
At Quirk Chevrolet in Manchester, N.H., both foot traffic and sales are up.
“It's beyond hopeful,” said Tim Ma[...] .. Read More. |
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Hyundai Genesis Beats Luxury Competitors to Take Top Ranking in Consumer Reports
Hyundai’s new luxury sedan, the Genesis, took top honors with Consumer Reports in its “upscale sedan” category. The Genesis, which achieved an "excellent" overall road test score, outranked 12 vehicles from Lexus, Acura, Lincoln and other brands.
"The Hyundai Genesis rivals high-end luxury sedans but costs considerably less," said David Champion, senior dir[...] .. Read More. |
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Toyota to Close Japanese Plants for 11 Days Due to Drop in Sales
Toyota will stop production at its Japanese plants for 11 days in February and March, as the automaker’s bleak U.S. sales mean Toyota dealers have a lot of cars sitting on their lots.
Toyota’s U.S. December sales were down 37% from a year ago, marking the biggest decline in more than 25 years for the Japanese automaker, reports Reuters.
"I never expected the crisis to spread thi[...] .. Read More. |
December and 2008 Sales Figures Are In, and They're Exactly What We Expected
The year was dismal for most automakers, with sales plunging by double digits for a lot of companies. So far (not all automakers have reported 2008 sales yet), Subaru and Mini are the only automakers that sold more vehicles in 2008 than they did in 2007.
"To post increased sales for the year the industry has just experienced reflects the strength of our products, our dealers and the Subaru b[...] .. Read More. |
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