;)
TrueCar, an automotive solutions provider and authority on market trends relating to sales, recently released its sales and incentives forecast for September 2011, which found new vehicle sales are at the highest recorded seasonally adjusted annual rate since April.
According to analysis from the forecast, the sale of new light vehicles is expected to rise 10.1 percent compared to September 2010 but down 1.6 percent from August 2011.
"New vehicle sales are doing particularly well, even with worries of a recession and another wild month for the financial markets in September," said Jesse Toprak, vice president of industry trends and insights for TrueCar.com. "If the current trends hold, we expect 2011 total new light vehicle sales to be 12.75 million units – up 10 percent from 2010."
TrueCar's assessment that consumers will spend more on new cars this year contrast with recent reports of consumers spending more on new cars this month comes in contrast to some recent reports that the struggling economy will dissuade consumers from making new car purchases. Diane Swonk, chief economist at Mesirow Financial, told USA Today she expects the trend of consumers being apprehensive and cautious about spending to continue.
You can refinance a car loan with bad credit. But you might miss out on the best interest rates. If your existing auto loan payment for a new or used car is putting a strain on your budget, refinancing could be the solution you’ve been searching for. A refinance…
There's no shortage of lender options to refinance your car loan. Is a credit union best for you? So, you’re in the market for a new auto loan. Maybe your credit has improved since you first bought your car. Or perhaps you’re unhappy with your current lender. There’s no…
Yes, you can trade in an upside-down car. But that doesn’t mean you should. They say life comes at you fast. Well, so does car depreciation. The typical new car loses more than 10% of its value in the first month of ownership — and 20% in the first…