Car Loans Blog

May 15 (Bloomberg) — Retail sales in the US rose in April at the slowest pace of the year, showing unseasonably mild weather and pre-Easter shopping may have pulled consumers to stores the prior month.

The 0.1 percent gain followed a 0.7 percent increase in March, Commerce Department figures showed today in Washington. Economists projected an advance of 0.1 percent, according to the median forecast in a Bloomberg News survey.

Categories like building materials, clothing and department stores dropped in April as the weather-induced gains of the first three months of 2012, the warmest on record, faded. Weaker employment growth will probably also make it more difficult for households...

Chinese luxury auto dealers China
ZhengTong Auto Services Holdings Ltd. (1728) and Baoxin Auto Group Ltd. (1293)
plan to sell their first US dollar-denominated bonds this
week, according to people familiar with the issuance plans.

Both companies are marketing five-year bonds to yield in
the high 11 percent area, two people with knowledge of the
respective deals said, asking not to be identified because the
details are private. ZhengTong Auto, which sells BMW and Jaguar
cars, plans to offer as much as $300 million of notes, one of
the people said.

Volkswagen AG’s Lamborghini, Bayerische Motoren Werke AG’s
Rolls Royce Plc and Bentley...

Shoppers browse vehicles during the 2012 Lafayette Auto Dealers Show and Sale Friday afternoon at Cajun Field.

Capital Car Loans can be the source of information for fast car loans.

Kris Wartelle

Local car salesmen were experiencing high interest on the first day of the 2012 Lafayette Auto Dealers Show and Sale Tuesday, and business seemed to be going well.

I am definitely very optimistic, said Lafayette Auto Dealers Association President Ryan Leblanc. It seems just off the first day weve had very good response. There are a lot of good products out there and people are noticing that.

Leblanc said so far 2012 has been a good year for car sales and said he believes it will end up being even better. Add to that the 25-year history of the auto show, and there is good reason for optimism.

This show has been successful for more than 20 years, said...

New cars buyers continued to make their way to local auto dealerships in April, but at about the same pace as a year ago.

According to statistics compiled by the Niagara Frontier Automobile Dealers Association

Niagara Frontier Automobile Dealers Association
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New car sales slowed in March from last yearArea auto sales climbed nearly 4% in FebruaryFord regional chief aims for No. 1 in WNY

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, new vehicle sales in April rose 0.3 percent to 4,299 from 4,285 in April 2011.

Ford...

At first glance, April was a surprisingly subdued month for auto sales in the United States: After several months of strong year-over-year gains, sales rose just 2.3% last month. And while Toyota (NYS: TM) posted a solid increase over its tsunami-crushed year-ago sales numbers, key players like Ford (NYS: F) and General Motors (NYS: GM) actually posted declines for the month.

New-vehicle sales are a key indicator of consumer confidence — and obviously an important metric of health for auto stocks. Is it time to worry?

Not yet. Fortunately, most of these numbers are better than they look.

Why April was better than it looked
A...

KARACHI: In the upcoming budget, the biggest concern for auto manufacturers is the government’s adverse policy against the auto sector. According to the auto dealers, the government is considering to allow commercial import of used vehicles and relax the age limit to 10 years.

HM Shahzad, Chairman, All Pakistan Motor Dealers Association said that “we are hopeful that in the coming budget, the government will allow commercial import of used vehicles and relax the age limit to 10 years and will reduce the tariff on imported vehicles.”

He said that in the upcoming budget “we have also asked the government to remove regulatory duty on 1800cc and above...

Raleigh, NC, May 09, 2012 –(PR.com)– Last week the Carolina Independent Automobile Dealers Association (CIADA) launched two new ways for independent auto dealers to get their yearly Continuing Education Training with the launch and announcement of their new site http://training.theciada.com where dealers can register to download the course videos. This announcement comes just two weeks after CIADA made the course training available on DVD.

To insure the online registration projects success, CIADA chose to partner with Qudeso, a full service branding and marketing firm out of Raleigh, North Carolina, who has worked with the organization on numerous projects including a Dealers...

The company produces software used by auto dealers to submit credit applications, process motor vehicle registrations and perform a variety of other functions.

Its revenue is based on both subscriptions and on the number of times dealers use the system to process transactions. So when auto sales rise, DealerTracks revenue follows suit.

Dealers have been excited to see an increase in the number of shoppers, which they attribute to the improving economy, said Mark F. ONeil, chairman and chief executive of DealerTrack, during a call with investors Tuesday.

The surge in revenue prompted the company to raise its guidance on its expected revenue for the year, to between $375...

Auto sales in April fell back from the robust growth they have logged so far this year.

Industry sales rose just 2.1% over April 2011, according to Alec Gutierrez, an analyst at auto information company Kelley Blue Book. Sales have averaged a year-over-year gain of about 13% through March.

One reason for the slowdown is a quirk in the calendar. Some states make auto dealers close on Sundays, which contributed to three fewer selling days than the same month a year earlier.

But automakers also said sales in April started slowly, strengthening near the end.

Hyundai, Kia and Nissan, brands that had double-digit gains during the first part of this year, all cooled off last...