Auto Industry News

When you are in the market for a new car and you are considering financing (as most people do) – you need to know whether or not it is something that you can afford. Before you go through the entire credit application process, you should...

The entire process of shopping for and buying a car has drastically changed over the years. The days of “kicking tires” and walking through a car lot and speaking with a car salesman that you may or may not trust are long gone. With so...

As a result of the Great Recession in December, 2007, many people lost their jobs, fell behind on loan and credit card payments, lost their homes or filed for bankruptcy.  This financial turmoil negatively affected the credit of thousands of people throughout the country. Things...

In 2016, American consumers purchased almost 17 million new cars, SUVs, minivans, and pickup trucks, the largest number since 2000, and an increase of about two-thirds from the dark days of 2009.  The number of leased vehicles has also increased. What’s to blame (or...

If your dealership is looking for ways to expand your business reach, market to a new customer base and increase sales, offering subprime auto financing options to customers with less than perfect credit may be the answer. While traditional financing options only target a percentage...

How Offering Subprime Loans Can Expand Your Business Reach When the recession unofficially ended in 2009 and the economy started to slowly gain strength again, car sales also began to increase throughout the nation. Consumer spending was growing and people were buying cars again. It is...