The Blog For Auto Financing News and Advice
Posted in auto news on May 10th, 2010
A recent poll shows that 65 percent of consumers want dealerships removed from the Senate financial reform bill. According to the nationwide poll conducted by global research firm Penn Schoen Berland, support for the bill drops from 70 percent to 41 percent when consumers learn that current legislation could make it more challenging and expensive [...]
Posted in auto news on May 5th, 2010
Kelley Blue Book’s KBB.com is giving away $10,000 and a day as a video car review editor. Contestants have to make a two-minute or less video car review and then upload it to KBB’s YouTube channel, www.youtube.com/kbb.
The first-place prize is $10,000 cash and an all-expense-paid trip to KBB’s Irvine, Calif., headquarters to spend a day [...]
Posted in auto news on May 4th, 2010
Nissan is recalling about 134,000 Infiniti G35 sedans and coupes due to a connector that could cause airbags not to deploy during a crash, U.S. regulators said on Tuesday.
The NHTSA said a wire harness for the airbags may wear down to the point that it could interrupt a signal to deploy the airbags in the [...]
Posted in auto news on May 3rd, 2010
The National Highway Traffic Safety Administration is investigating about 10,000 Dodge Calibers for sticking gas pedals.
In a small number of cases, parts of the gas pedal assembly have reportedly fallen off, causing the pedals to come out of alignment and become stuck, CNNMoney.com reports. The pedals involved in the cases are made by CTS Corp., [...]
Posted in auto news, car shopping on Apr 30th, 2010
Dealers who were asked to be reinstated by GM and chose to keep their franchise are almost ready to reopen their doors to customers. The timing couldn’t be better. Some of these dealers will be reopening at the start of the busy summer car buying season.
Tom Allen owned a Chevrolet and Cadillac franchise in Monroe, [...]
Posted in auto news, car shopping on Apr 29th, 2010
Toyota says it has resumed sales of the 2010 Lexus GX 460 SUV. Toyota stopped selling the Lexus GX 460 April 14, after Consumer Reports magazine gave it a “don’t buy” warning April 13 for problems with its stability control system.
Consumer Reports said that during a test of the SUV’s performance during unusual turns, the [...]
Posted in auto loans, auto news, car loans, car shopping, leasing on Apr 28th, 2010
In their search for a loophole, auto dealers claim that the new financial reform bill will restrict affordable car loans and result in fee hikes.
“The auto dealers are urging senators to avoid over-regulating their dealerships, burdening them with redundant laws, and ultimately limiting consumers’ credit options. These concerns are unfounded. A key feature of the [...]
Posted in auto news on Apr 27th, 2010
General Motors announced Tuesday it will spend more than $890 million to upgrade five plants, which will create more than 1,600 jobs. GM says the investment will help produce a new generation of fuel efficient small block truck and car engines.
The plants receiving upgrades and jobs are in Tonawanda, N.Y. (710 jobs), St. Catharines, Ontario [...]
Posted in auto news on Apr 26th, 2010
A handful of lawmakers are accusing General Motors of misleading the public by continuing to tell Americans in its ads it has repaid its government loans in full.
You’ve probably seen the TV commercials, where GM CEO Ed Whitacre tells you the automaker has repaid its $6.7 billion government loan “with interest five years ahead of [...]
Posted in auto news, car shopping on Apr 22nd, 2010
More Americans say that General Motors, Ford and Chrysler have the best vehicles, compared to their Asian competitors, according to an Associated Press-GfK poll of 1,002 adults, The Detroit News reports.
The poll was conducted in early March by GfK Roper Public Affairs and Media. It found that 38 percent of those polled rated American vehicles [...]