Automakers have been launching more fuel-efficient models this week at the New York International Auto Show – the idea being luring more budget-minded consumers into showrooms as gas prices continue to climb. Several of the launches are compact and subcompact models getting 20% to 30% more fuel efficiency than previous versions, and large vehicle entries with emphasis on fuel economy.
The Detroit News, April 21, 2011
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Sunday, April 24, 2011
Friday, September 10, 2010
Report: Car accidents cost America nearly $100B a year
Report: Car accidents cost America nearly $100B a yearVehicle accidents cost the U.S. about $99 billion a year, according to federal statistics. That is the equivalent of $500 per driver. Male drivers are responsible for about three-quarters of that expense and represent about 70% of the 40,000 or so Americans killed annually in such accidents. The New York Times
Sell Your Car Notes For Cash
Sell Your Car Notes For Cash
U.S. auto sales plunge 21%
U.S. auto sales plunge 21%, triggering talk of more stimulus
Plunging sales led auto industry executives to start talking about a need for additional stimulus, but most doubt a measure to help automakers would get through Congress before the November midterm election. Auto sales across the U.S. fell 21% in August compared with the same month last year. Analysts said the drop reflects the sluggish pace of economic recovery and the expiration of the "Cash for Clunkers" rebate. Detroit Free Press
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Plunging sales led auto industry executives to start talking about a need for additional stimulus, but most doubt a measure to help automakers would get through Congress before the November midterm election. Auto sales across the U.S. fell 21% in August compared with the same month last year. Analysts said the drop reflects the sluggish pace of economic recovery and the expiration of the "Cash for Clunkers" rebate. Detroit Free Press
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Wednesday, June 23, 2010
Wholesale prices are moving downward at last
Wholesale prices are moving downward at last.
Value guide Black Book the largest number of average daily adjustments since the week ending March 19, when the count was 2237 per day. At 1826 average per day the week of June 21, this was 169 percent greater than the prior week of 1083.The changes in value were evenly split between decliners and advancers. The half that advanced rose by an average of $106. The downward changes were greater, so the overall change in the adjustments came in at just less than $10 lower. This is an improvement over the previous week decline of $29.All 10 car segments
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Value guide Black Book the largest number of average daily adjustments since the week ending March 19, when the count was 2237 per day. At 1826 average per day the week of June 21, this was 169 percent greater than the prior week of 1083.The changes in value were evenly split between decliners and advancers. The half that advanced rose by an average of $106. The downward changes were greater, so the overall change in the adjustments came in at just less than $10 lower. This is an improvement over the previous week decline of $29.All 10 car segments
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Tuesday, June 22, 2010
CPI Rises for Used Cars
CPI Rises for Used Cars
The Consumer Price Index for All Urban Consumers declined 0.2 percent in May on a seasonally adjusted basis, the U.S. Bureau of Labor Statistics reported. Over the last 12 months, the index increased 2.0 percent before seasonal adjustment.
Turn Your Auto Notes Into Cash
The Consumer Price Index for All Urban Consumers declined 0.2 percent in May on a seasonally adjusted basis, the U.S. Bureau of Labor Statistics reported. Over the last 12 months, the index increased 2.0 percent before seasonal adjustment.
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Friday, June 04, 2010
How Will Mercury Discontinuation Impact Used Values?
Ford's decision to stop producing Mercury vehicles and wind down the 71-year-old brand marks the end of an era for the automaker, but don't expect too much change on the used-vehicle value front for the Mercury brand.
Read the rest here Story
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Read the rest here Story
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Wednesday, April 21, 2010
The Years Top Ten Green Cars
IRVINE, Calif. — With Earth Day 2010 coming on Thursday, the editors from Kelley Blue Book decided to reveal their selections of this year's Top 10 Green Cars. The newest version includes a mix of domestic and foreign brands with some vehicles using either hybrid or clean-diesel technology.
Find out the top ten cars at http://kbb.com
We Turn Auto Notes Into Cash
Find out the top ten cars at http://kbb.com
We Turn Auto Notes Into Cash
Monday, April 05, 2010
Polk Finds Fewer Cars on the Road
The number of cars and light trucks scrapped in the past 15 months substantially outnumbers new vehicle registrations in the U.S. during the same period, according to a recent analysis by R. L. Polk & Co. More than 14.8 million cars and light trucks were retired from the fleet between July 1, 2008 and Sept. 30, 2009, compared to new registrations of slightly more than 13.6 million, resulting in an overall scrap rate of 6.1 percent. This includes thousands of units scrapped during last year's CARS program, known as 'Cash for Clunkers,' and follows a trend seen by Polk over the past five years.
Turn Your Auto Notes Into Cash
Turn Your Auto Notes Into Cash
Tuesday, April 07, 2009
New FICO Scores Could Predict Up to 15% More in Auto Loan Delinquencies
MINNEAPOLIS — FICO recently announced the release of its newest scores, which are targeted specifically for the auto lending and bankcard industries. Credit reporting agency TransUnion is making the scores available to lenders and issuers under the names FICO Risk Score, Classic Auto 08 and FICO Risk Score, Classic Bankcard 08.
Turn Your Auto Notes BHPH Paper Into Cash.
Get Top Dollar For Your Auto Portfolio
Turn Your Auto Notes BHPH Paper Into Cash.
Get Top Dollar For Your Auto Portfolio
Tuesday, February 24, 2009
Sell Your auto Portfolio
Are you selling cars and running out of cash? Sell your seasoned auto notes and free up some cash to buy much needed inventory.
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Call Us Today 615-414-6708
Sell Auto Notes for Cash
http://autobulk.com
Call Us Today 615-414-6708
Wednesday, June 25, 2008
Turn Your Auto Notes Into Cash
Turn Your Auto Notes Into Cash
There are many benefits to working with Financial Solutions. Here are just a few:
Increase inventory
Raise capital
Turn profits earlier
Ease workload
Eliminate time and risk
Most successful dealers who set the pace, as far as net profits, know the value of selling their auto accounts receivables. It just makes sense to sell.
Capture your profits much earlier
Sell more cars
It's like a credit line without the hassle or interest
Minimize exposure to time risk
Why wait for money tomorrow when you can have it today! At Financial Solutions we can help your dealership minimize exposure to losses and help you maximize net profits.
Call us today 615-414-6708
There are many benefits to working with Financial Solutions. Here are just a few:
Increase inventory
Raise capital
Turn profits earlier
Ease workload
Eliminate time and risk
Most successful dealers who set the pace, as far as net profits, know the value of selling their auto accounts receivables. It just makes sense to sell.
Capture your profits much earlier
Sell more cars
It's like a credit line without the hassle or interest
Minimize exposure to time risk
Why wait for money tomorrow when you can have it today! At Financial Solutions we can help your dealership minimize exposure to losses and help you maximize net profits.
Call us today 615-414-6708
Tuesday, August 14, 2007
Turn Your Auto Notes Into CASH!!
Buy Here Pay Here Dealers- We turn auto notes, auto paper, bulk portfolios into cash. Before you know it tax time will be here. Why not sell your seasoned auto portfolio for cash to buy new inventory now. Cars will be more expensive in the middle of tax return season. We can handle small auto portfolios of 10 or much larger pools in the millions. Fast turnaround time and quick funding.
Give us a call for a free portfolio evaluation.
Give us a call for a free portfolio evaluation.
Financial Solutions- We Turn Auto Notes Into Cash!
615-414-6708
http://autobulk.com
615-414-6708
http://autobulk.com
Thursday, April 19, 2007
We Pay Top Dollar for Auto Paper
FORD VEHICLES COMPARABLE TO TOYOTA, NISSAN IN QUALITY, STUDY SAYS:
Consumers might not believe it yet, but the quality of Ford, Lincoln and Mercury vehicles is about the same as that of Toyota and Nissan, according to the first- quarter 2007 model-year Global Quality Research System report by the RDA Group, a market research firm based in Bloomfield Hills. Ford, Lincoln, Mercury brand vehicles had 1,456 problems per 1,000 vehicles, compared with Nissan, which had 1,457 and Toyota, which had 1,453.
Detroit Free Press, April 18, 2007
Consumers might not believe it yet, but the quality of Ford, Lincoln and Mercury vehicles is about the same as that of Toyota and Nissan, according to the first- quarter 2007 model-year Global Quality Research System report by the RDA Group, a market research firm based in Bloomfield Hills. Ford, Lincoln, Mercury brand vehicles had 1,456 problems per 1,000 vehicles, compared with Nissan, which had 1,457 and Toyota, which had 1,453.
Detroit Free Press, April 18, 2007
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Tuesday, February 27, 2007
BHPH
BHPH Consultant Says Confusion over IRS Document Threatens Note Deals
Situation
Creditors could have problems w/ debt discharges on IRS 1099-C form
Says Ken Shilson, founder of National Buy-Here, Pay-Here Dealers
2006 rules raises questions if recovery activity can continue if form is filed
Significant Points
BHPH dealers who don't sell paper not affected
Only concerns creditors who purchased dealer paper
When creditor writes off bad debt, consumer must report amount as income
Sometimes IRS completely eliminates debt, prohibits further recovery action
Suggests dealers consult tax attorney to determine if they must report 1099-C
Also whether or not collection rights are surrendered
Read Quotes Click Here for Full Digest and Source Article:
http://www.automotivedigest.com/view_art.asp?articlesID=21584
Sourced From: Used Car News, February 19, 2007
Situation
Creditors could have problems w/ debt discharges on IRS 1099-C form
Says Ken Shilson, founder of National Buy-Here, Pay-Here Dealers
2006 rules raises questions if recovery activity can continue if form is filed
Significant Points
BHPH dealers who don't sell paper not affected
Only concerns creditors who purchased dealer paper
When creditor writes off bad debt, consumer must report amount as income
Sometimes IRS completely eliminates debt, prohibits further recovery action
Suggests dealers consult tax attorney to determine if they must report 1099-C
Also whether or not collection rights are surrendered
Read Quotes Click Here for Full Digest and Source Article:
http://www.automotivedigest.com/view_art.asp?articlesID=21584
Sourced From: Used Car News, February 19, 2007
We Turn Auto Notes In To Cash! Call us today 615-414-6708
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Saturday, February 17, 2007
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Finance Companies Still Wary of Independent Dealers
Situation
Finance companies, independent dealers discussed state of relations at National Automotive Finance Association conference
Credit companies still favor franchise dealers over independents
Independents seeking credit advised to tighten applicant screening
Focus more on financing vehicles than selling vehicles
Make sure they send right applicants to right finance companies
Significant Points
Drop in bankruptcies has reduced finance company losses
Companies reaching out to independent dealers in quest for business
But still worry about stability of independents
Situation
Finance companies, independent dealers discussed state of relations at National Automotive Finance Association conference
Credit companies still favor franchise dealers over independents
Independents seeking credit advised to tighten applicant screening
Focus more on financing vehicles than selling vehicles
Make sure they send right applicants to right finance companies
Significant Points
Drop in bankruptcies has reduced finance company losses
Companies reaching out to independent dealers in quest for business
But still worry about stability of independents
Say it's too easy for independents to just close up shop
Independents need to improve/streamline application process
Finance companies avoid dealers who waste their time
Click Here for Full Digest and Source Article:
http://www.automotivedigest.com/view_art.asp?articlesID=21464
Sourced From: Used Car News, February 5, 2007
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Saturday, February 10, 2007
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LATE BREAKING NEWS TOYOTA, GM TOP LIST FOR BEST OVERALL VALUE: Toyota Motor Corp. offers consumers the best selection of vehicles that retain their value over time and feature other ownership cost benefits, according to awards that will be announced today at the Chicago Auto Show. Toyota received 11 "Best Overall Value of the Year" awards, handed out by IntelliChoice.com, a car-shopping Web site. Lexus, Toyota's luxury brand, grabbed seven awards. General Motors Corp.'s Chevrolet brand came in a close second, with 10 awards, led by its new Silverado truck. Wall Street Journal
CHANGING THE FIVE HUNDRED TO TAURUS SHOWS MULALLY GETS FORD: If Alan Mulally hadn't stepped out of a Boeing jetliner, I'd be tempted to say he came down from the mount, sent to lead Ford from the wasteland with one simple command: "Tell me why." As in this question: "Why did we squander two decades of name recognition and millions of customers' loyalty by killing the Taurus name?" Detroit Free Press
TOP EXEC SAYS GM WILL STAY THE COURSE: General Motors Corp. won't budge from its strategy of reducing rebates and other incentives just because it saw a steep sales drop in January, a top executive said Saturday. GM's sales were off 16.6 percent compared with January 2006, but the company will continue its efforts to raise transaction prices and car resale values, Troy Clarke, GM's North American president, said in an interview. LA Times
ECONOMIC SLOWDOWN IMPACTING RETAIL DEMAND, WHOLESALE PRICES: A slowing economy and weak retail demand combined late last year to cause a year-over-year decline in wholesale vehicle prices in the last two months of 2006 according to the latest issue of Pulse released today by ADESA Analytical Services. The report, which provides a periodic review of economic indicators in the vehicle remarketing industry, also notes that the employee discounts widely available in 2005, also impacted the current vehicle marketplace in several ways. ADESA
MANHEIM CONSULTING RELEASES '07 USED CAR MARKET REPORT: Despite a modest decline in retail used vehicle sales volume in 2006, activity in the wholesale market was at its strongest level in years, Tom Webb, Manheim's chief economist explained this weekend as he unveiled Manheim's 2007 Used Car Market Report at the National Auto Dealers Association's convention. Auto Remarketing
CHANGING THE FIVE HUNDRED TO TAURUS SHOWS MULALLY GETS FORD: If Alan Mulally hadn't stepped out of a Boeing jetliner, I'd be tempted to say he came down from the mount, sent to lead Ford from the wasteland with one simple command: "Tell me why." As in this question: "Why did we squander two decades of name recognition and millions of customers' loyalty by killing the Taurus name?" Detroit Free Press
TOP EXEC SAYS GM WILL STAY THE COURSE: General Motors Corp. won't budge from its strategy of reducing rebates and other incentives just because it saw a steep sales drop in January, a top executive said Saturday. GM's sales were off 16.6 percent compared with January 2006, but the company will continue its efforts to raise transaction prices and car resale values, Troy Clarke, GM's North American president, said in an interview. LA Times
ECONOMIC SLOWDOWN IMPACTING RETAIL DEMAND, WHOLESALE PRICES: A slowing economy and weak retail demand combined late last year to cause a year-over-year decline in wholesale vehicle prices in the last two months of 2006 according to the latest issue of Pulse released today by ADESA Analytical Services. The report, which provides a periodic review of economic indicators in the vehicle remarketing industry, also notes that the employee discounts widely available in 2005, also impacted the current vehicle marketplace in several ways. ADESA
MANHEIM CONSULTING RELEASES '07 USED CAR MARKET REPORT: Despite a modest decline in retail used vehicle sales volume in 2006, activity in the wholesale market was at its strongest level in years, Tom Webb, Manheim's chief economist explained this weekend as he unveiled Manheim's 2007 Used Car Market Report at the National Auto Dealers Association's convention. Auto Remarketing
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Saturday, February 03, 2007
Turn Your Auto Notes Into CASH!!
2007 Vehicle Finance Conference and Exposition
Henderson, NV
January 31 - February 2, 2007
J.D. Power and Associates Automotive Roundtable
Las Vegas,NV
February 1-2, 2007 9th
Annual Michigan International Auto
ShowGrand Rapids, MI
February 1-4, 2007
12th Annual Spirit of Leadership Awards
Las Vegas, NV
February 3 - February 3, 2007
NADA Convention and Exposition
Las Vegas, NV
February 3-6, 2007
Visit Calendar of Industry Events for More Information on These Events http://www.automotivedigest.com/calendar.asp?mod=calendar
We turn auto notes into CASH!!
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Friday, January 12, 2007
Tax Refunds Key To Extra Sales
Tax Refunds Key To Extra Sales
New year has just begun, and 2007 tax season may be almost over
Retailers competing for consumers' tax refund money
Dealers begin stocking lots for tax season in early fall; consumers start shopping in Oct
Busiest day for Tax Refund Services Tax Max the day after Thanksgiving for processing promissory contracts
Tax Max expected to process 100+ applications each day in Dec
Did 3.5K deals by Nov 30, 2006, compared to 3K by Nov 30, 2005
Significant Points :
Dealers need to get in as quickly as possible
End-of-year activity expected to impact 1st quarter sales
Dealers advertising ability to sell cars using promissory contracts
Selling cars on consumer promise to pay when refund received can be risky
Less than 10% of consumers fail to return; still significant loss to small dealers
More interest from franchise dealers who can take gamble for extra sales
Read QuotesClick Here for Full Digest and Source Article:
http://www.automotivedigest.com/view_art.asp?articlesID=21179
Sourced From: Used Car News, January 1, 2007
New year has just begun, and 2007 tax season may be almost over
Retailers competing for consumers' tax refund money
Dealers begin stocking lots for tax season in early fall; consumers start shopping in Oct
Busiest day for Tax Refund Services Tax Max the day after Thanksgiving for processing promissory contracts
Tax Max expected to process 100+ applications each day in Dec
Did 3.5K deals by Nov 30, 2006, compared to 3K by Nov 30, 2005
Significant Points :
Dealers need to get in as quickly as possible
End-of-year activity expected to impact 1st quarter sales
Dealers advertising ability to sell cars using promissory contracts
Selling cars on consumer promise to pay when refund received can be risky
Less than 10% of consumers fail to return; still significant loss to small dealers
More interest from franchise dealers who can take gamble for extra sales
Read QuotesClick Here for Full Digest and Source Article:
http://www.automotivedigest.com/view_art.asp?articlesID=21179
Sourced From: Used Car News, January 1, 2007
We buy auto paper, turn your auto notes in to cash, call us today.
Financial Solutions
615-414-6708
Wednesday, November 15, 2006
Sell your auto notes for cash, we buy auto paper!
Ford Credit Affiliate Pays $2.5M Discrimination Case Settlement
Primus Financial Services, a Ford Motor Credit affiliate, to pay almost $2.5M settlement in car loan discrimination case
Company accused of discriminating against minorities in lending practices
Specifically of "marking up" loan interest rates to discriminate against black consumers
Company admits no wrongdoing, says suit settled due to mounting costs
Significant Points
Primus to pay $1.9M in fees to plaintiffs' attorneys, $550K in court-related expenses
3 named plaintiffs to get individual payments between $10K - $20K
Lawyers for both sides negotiated directly, and w/ federal mediator
Primus will limit difference between buy rate and APR on contracts purchased from dealers as part of settlement Read Quotes
Click Here for Full Digest and Source Article:
http://www.automotivedigest.com/view_art.asp?articlesID=20725
Associated Press via Detroit News, November 9, 2006
Primus Financial Services, a Ford Motor Credit affiliate, to pay almost $2.5M settlement in car loan discrimination case
Company accused of discriminating against minorities in lending practices
Specifically of "marking up" loan interest rates to discriminate against black consumers
Company admits no wrongdoing, says suit settled due to mounting costs
Significant Points
Primus to pay $1.9M in fees to plaintiffs' attorneys, $550K in court-related expenses
3 named plaintiffs to get individual payments between $10K - $20K
Lawyers for both sides negotiated directly, and w/ federal mediator
Primus will limit difference between buy rate and APR on contracts purchased from dealers as part of settlement Read Quotes
Click Here for Full Digest and Source Article:
http://www.automotivedigest.com/view_art.asp?articlesID=20725
Associated Press via Detroit News, November 9, 2006
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Call Russell Crosby today 615-414-6708
Thursday, October 19, 2006
Auto News
FED OFFICIAL SEES EASING INFLATION, BUT CONCERNS ABOUT PRICES REMAIN: Federal Reserve Bank of San Francisco President Janet Yellen said Monday that while she remains concerned about the current level of inflation, she believes the present stance of monetary policy appears well suited to bring those pressures back in line over time. "I do want to see inflation move down, but I believe policy may now be well-positioned to foster exactly such an outcome while also giving due consideration to the risks to economic activity," Ms. Yellen said in comments prepared for delivery before the California Independent Bankers 16th Annual Convention in Laguna Beach, Calif. Wall Street Journal
GM CERTIFIED USED VEHICLES OFFERS FINANCING INCENTIVE: GM Certified Used Vehicles has kicked off a nationwide fall rate-incentive program for select GM vehicles. The new rate incentive went into effect last week and will last until Jan. 2, 2007. It provides well-qualified buyers with GMAC 3.9 percent or 5.9 percent APR financing for up to 60 months on select GM Certified Used Vehicles purchased from participating dealers. Auto Remarketing
NATIONALEASE, AMERIQUEST TO MERGE: One of largest leasing networks in North America has signed an agreement to merge with AmeriQuest Transportation and Logistics Resources Corp.Under the agreement with NationaLease Purchasing, AmeriQuest will be the provider of purchasing and value-added services and will have annual revenues in excess of $500 million...Upon completion of the merger, the leasing members of both AmeriQuest and NationaLease will unite to form one of the largest full-service leasing systems in North America. Today's Trucking
GM: THINGS ARE ABOUT TO GET NASTY: So it begins. Billionaire Kirk Kerkorian, who owns 9.9% of General Motors' (GM) stock, may be drawing up battle lines for a proxy fight with the troubled automaker.Just a few days after GM's board unanimously voted down Kerkorian's proposal to get the carmaker in an alliance with Renault-Nissan (NSANY), the billionaire's liaison to the board, Jerome York, abruptly quit. Business Week
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GM CERTIFIED USED VEHICLES OFFERS FINANCING INCENTIVE: GM Certified Used Vehicles has kicked off a nationwide fall rate-incentive program for select GM vehicles. The new rate incentive went into effect last week and will last until Jan. 2, 2007. It provides well-qualified buyers with GMAC 3.9 percent or 5.9 percent APR financing for up to 60 months on select GM Certified Used Vehicles purchased from participating dealers. Auto Remarketing
NATIONALEASE, AMERIQUEST TO MERGE: One of largest leasing networks in North America has signed an agreement to merge with AmeriQuest Transportation and Logistics Resources Corp.Under the agreement with NationaLease Purchasing, AmeriQuest will be the provider of purchasing and value-added services and will have annual revenues in excess of $500 million...Upon completion of the merger, the leasing members of both AmeriQuest and NationaLease will unite to form one of the largest full-service leasing systems in North America. Today's Trucking
GM: THINGS ARE ABOUT TO GET NASTY: So it begins. Billionaire Kirk Kerkorian, who owns 9.9% of General Motors' (GM) stock, may be drawing up battle lines for a proxy fight with the troubled automaker.Just a few days after GM's board unanimously voted down Kerkorian's proposal to get the carmaker in an alliance with Renault-Nissan (NSANY), the billionaire's liaison to the board, Jerome York, abruptly quit. Business Week
We buy Auto Notes, Sell your Auto Paper for Cash. Get Top dollar for your buy here pay here auto notes.
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Russell Crosby
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