powered by phpdug general motors auto - Home Loans

Strike, maintenance shutdown hit Maruti; Hyundai bucks the trend The days of runaway growth in the auto market last year seem numbered, with two of the top three carmakers in the country — Maruti Suzuki and Tata Motors — reporting a drop in sales in June. Weighed down by a negative market sentiment because of rising fuel prices, higher borrowing costs and increased vehicle prices, the slowdown in sales last month confirms the trend of t…

It’s true that the general economy is in dreadful shape, but there’s seldom been a better time to get an auto loan. The Bankrate national average for a 60-month new-car loan is but a few basis points off its all-time low, and I’ve been seeing a lot of 60-month auto loan rates of 2.75 percent or less lately. Beyond that, loan-starved lenders are also offering a variety of products to entice borrowers to sign on the dotted line. One such product …

The Nation — Three years after the American auto industry was on the brink of devastation, a broad (if not total) consensus agrees that the auto bailouts worked. Not only are General Motors and Chrysler still in business, but they paid back their loans to the U.S. government ahead of schedule, added shifts at manufacturing plants, and are turning impressive profits. Together, GM and Chrysler topped U.S. auto sales last month. And for Labor Day,…

CHICAGO, IL–(Marketwire -12/15/11)- At the end of the third quarter 2011, TransUnion’s proprietary Auto Insurance Risk Index experienced a slight increase of 0.03 percent after four consecutive quarterly declines. The index now registers 98.85, three basis points higher than Q2 2011; 31 basis points lower than a year ago at this time; and 73 basis points lower than its recessionary peak in Q2 2009. “When looking at the Auto Insurance Risk I…

Nicholas Financial (NICK) ($9.74 on Oct. 17, 2011) is in the business of making subprime auto loans. Owner-operator Peter Vosotas has run the company for over two decades by conservative underwriting and reserving. Since 2001, the company has not only grown its loan book organically at a CAGR of 12.6%, but also stayed very profitable through the entire period; for the entire period, ROAE stayed above 10% with the exception of 2008 when ROAE d…

MIAMI, FL–(Marketwire -10/25/11)- Have you ever worried about how you are going to make ends meet each month? Are the bills piling up with no solution in sight? Or maybe you just need a bridge loan for those “little emergencies” in life — if so, Quick Cash Auto Loans has just the solution for you with their…

Progressive Conservative Leader Tim Hudak wouldn’t stand up for Ontario’s auto sector if it took another hit, Liberal Leader Dalton McGuinty said Friday.Mr. McGuinty, who is campaigning to be Ontario’s premier for a third time, is focusing on the economy in the last week before the vote on Oct. 6. More related to this storyMeet Hudak’s booming – but minimized – voice of rural Ontario Ontario NDP’s shift to middle could leave Liberals feeling sq…

David Shepardson/ Detroit News Washington Bureau Washington — A California auto start-up that sought to sell three-wheel and other electric vehicles said Friday it is shutting down after waiting years for a $150 million Energy Department retooling loan. Carlsbad, Ca.-based Aptera Motors Inc. said Friday it was shutting its doors. The privately held company said Friday it had been preparing to hire 1,400 work…