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Competitive cash incentives, 0% auto loans and low lease rates seem to be thawing out auto sales so far in March. With all the snow melting and bad weather subsiding, potential buyers are heading back to dealer showrooms, and March sales are showing positive results.
March new-vehicle retail sales are expected to increase by 25 percent compared to the same period last year, according to J.D. Powe[...] .. Read More.
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Saab Automobile has chosen GMAC Financial Services to provide dealer floor plan financing and retail car loans and leases for qualified Saab dealers and customers in many different countries around the world.
"Today's announcement is excellent news for the Saab organization as a whole and also for Saab's customers," Jan Ake Jonsson, CEO of Saab Automobile AB, said in a statement. "[...] .. Read More.
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The rate of consumers 60 days or more past due on their auto loans showed no change between the third and fourth quarters of 2009, and is still less than one percent overall (0.81 percent), according to TransUnion's quarterly analysis of auto industry trends. When compared to the same period a year ago, the auto loan delinquency rate decreased by 5.81 percent.
Mississippi (1.45%) and Alabama (1.3[...] .. Read More.
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Although credit is loosening a bit, the consumers with the best credit scores are still having little problem getting approved for car loans, while shoppers with the worst scores are still struggling or simply accepting the fact that they'll have to pay much higher interest rates.
According to Experian Automotive's fourth quarter 2009 automotive market analysis, 36.92% of all auto loans were for [...] .. Read More.
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- Toyota Executive Says Sales Are Up 50% Thanks to New Incentives
Toyota's 0% auto loans, low lease payments and complimentary two-year maintenance for current owners ...
- Experian Automotive's Latest Analysis Shows Auto Loan Market Continuing to Stabilize
Experian Automotive released its quarterly analysis of the automotive credit market today, and found ...
- Toyota's New Incentives Pique Shoppers' Interest
Toyota's March Sales Event, where buyers can get 0% car loans, low lease payments and complimentary ...
- Ford Up 43% in February, GM Up 12%
Attractive 0% auto loan incentives and affordable monthly lease payments were abundant in February. ...
- Auto Loan Delinquencies Drop in Fourth Quarter Compared to Last Year
The national 60-day auto loan delinquency rate did not change between the third and fourth quarters ...
- Leasing Predicted to Account For a Quarter of All Vehicle Sales in 2010
Although 0% auto loans are currently quite common among automakers, buyers are more frequently seein ...
- Car Loans Being Approved For More Consumers, Even Those With Bad Credit
The retail auto finance market has hit bottom and the worst has passed, according to Automotive News ...
- New Credit Card Rules Go Into Effect Monday
Consumers planning to apply for a car loan soon need to start carefully looking at the terms of thei ...
- Toyota Considers Boosting Incentives Amid Massive Recalls
Toyota is already offering numerous 0% car loan incentives, cash back offers and lease deals in Febr ...
- Average Auto Loan Rate and Auto Affordability Drop in Fourth Quarter
Average car loan rates and auto affordability both fell in the fourth quarter of 2009, according to ...
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