BMW to Increase Production in China

Used Car Sales
BMW AG announced that it will be making three new models in China this week, significantly increasing its production in the region. The German carmaker said these new models would increase the number of models it manufactures in the world’s largest auto market to Six from three

Sonic Breaks Used Sales Record Hits Goal of 100 Units Per Store

Used Car Sales
CHARLOTTE, N.C. — As the public dealer groups began reporting their second-quarter performances in full force, Sonic Automotive revealed it reached an all-time high for used sales.

The company sold a record 28,514 pre-owned units in Q2.

Pre-owned units sales per store per month were up, as well, reaching 100 units in May and 93 units for the second quarter as a whole.

GM Recalls Another 2 and a half Million Vehicles

General Motors LLC is recalling nearly 2.5 million model year 2004-212 Chevrolet Malibu vehicles manufactured May 16, 2003 through Oct. 11, 2012; 2004-07 Malibu Maxx vehicles manufactured June 25, 2003 through April 5, 2007; 2005-10 Pontiac G6 vehicles manufactured May 26, 2004 through Jan. 4, 2010; and 2007-10 Saturn Aura vehicles manufactured April 24, 2006 through May 26, 2009

Establishing the Market Value of a BHPH Auto Note

Establishing the Market Value of a BHPH Auto Note
BHPH Notes
•Every note, or contract has a unique market value.
•The market value of a note is the highest cash price an informed and proactive seller can sell it for on the open market.
•The market value of a note will be somewhat less than the outstanding principal balance remaining on it.
•The market value of a note is inversely related to the general interest rate environment.
•There are a number of important factors that determine the market value of a note.
◦The type of collateral
◦The value of the collateral
◦The amount of owner’s down payment
◦The current note balance
◦The interest rate
◦The number of payments made and remaining
◦Your experience receiving payments

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