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Volkswagen closes in on Toyota as global auto leader
2014-07-30 08:29:47| Automakers - Topix.net
Volkswagen is closing in on Toyota Motor Corp as the global leader in vehicle sales, with a rapid expansion drive in China - the world's biggest auto market - while Toyota curbs growth to focus on shoring up quality.
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global
leader
toyota
Ally posts 2Q profit on higher auto loan demand
2014-07-30 03:20:19| Automakers - Topix.net
The Detroit-based company was the former finance arm of automaker General Motors, but now it operates as an auto finance company and bank after being bailed out by the government.
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posts
higher
demand
Copper Rises on Speculation Increasing Auto Sales Boost Demand
2014-07-29 11:19:53| Auto Dealers - Topix.net
Copper climbed for the first time in three days on speculation that an increase in auto sales globally will boost demand.
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sales
increasing
demand
New Subprime Auto Loan Boom Gets Tarnished in NYT Article
2014-07-28 19:23:04| AutomotiveDigest.com - Automotive Industry News
The Situation: Last Sundays issue of the New York Times, had a front page article about how subprime lenders may be overcharging credit impaired consumer for auto loans. The article continued on two full newspaper pages with photos of beleaguered borrowers with stories of repossessions and misleading lending practices. The ominous title of the article was Easy Credit, Hard to Repay and the subhead read Exorbitant Rates in Subprime Boom for Used Cars The Significance: Here is a listing of some of the red flagging content in the article: The surge in subprime auto lending & lack of caution resembles the subprime mortgage market of years past. Subprime auto loans have increased 130 % in last five years Investors are pouring tons of money into the subprime market Loans are then bundled as bonds & securities for sale to insurance companies and mutual funds The NYT article cited several loan cases where interest rates exceeded 23% In spite of warnings, subprime loan volume was up 15% to $146 B in 1st Qtr. See just how damaging this article may be to the subprime lenders and dealers ______________________________________________________ The Article New Subprime Auto Loan Boom Gets Tarnished in NYT Article appeared first on Automotive Digest.
Buy, Sell, or Hold This Auto Parts Titan?
2014-07-28 17:18:40| Auto Parts - Topix.net
It faces stiff competition from the likes of Advanced Auto Parts , AutoZone , O'Reilly Automotive , and Pep Boys .
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