Category Archives: Used Car News

June Chrysler Sales Remain Strong

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Auto sales have been on a consistent upswing of sales for this whole year. The economy may still be slugging along, but the car industry is making a lot of headway from their bail out and are really starting to show that they were worth the investment.

Chrysler in June is expecting their sales to stay at about the same level as they were in May.

Reid Bigland, Chrysler’s head of US Sales, commented on the sales of June, “We’re going to have a similar industry from a SAAR perspective that we had in May in June. We probably had a little bit of a pull-ahead into February and March.” The current estimate for vehicle sales, including medium and heavy-duty trucks is 14 millions sales, which is where May’s sales were.

June is already a big month for Chrysler. The sales for the Dodge Dart will be starting, with about 1,000 of them in the wild at a variety of dealerships. In the next four weeks, they hope to be reaching full output. There’s also the fact that the company is thinking of adding a third shift to keep up with the demand on their Ram trucks. The 2013 Ram 1500 will begin production this September.

The story has yet to be written on the sales growth of Chrysler. No one is quite sure when the surge is going to end, and while June didn’t see an increase, it stayed steady with the rest of year. If you’re someone looking to get into a vehicle, but have poor credit, take a look to see how Bayside Chrysler Jeep Dodge can help you. Go here to look at the inventory online. Don’t forget to like us on Facebook and follow us on Twitter!

Chrysler Sales Grow With Increase in Sub-Prime Loans

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The recession still remains fresh in everyone’s minds. That because to so many people out there, the recession hasn’t really left. Many are still struggling to find employment in the current job market, and many more are still trying to dig themselves out of a financial hole. News of late has been optimistic, and the auto industry is in correlation with it. The economy has been improving, and one of the chief economic stories is the revival of the auto industry. For a company like Chrysler, it’s not all that surprising, however, seeing as how sub-prime loans have helped boost their car sales.

Autonews.com is reporting that in the first quarter of 2012, 29 of every 100 auto loans for a Chrysler vehicle were to consumers with credit scores below 680. According to Experian, a score under that 680 counts as sub-prime. In order to see how this is a up-shift for Chrysler, just a few years prior, during the height of the recession, these loans only accounted for 16 percent.

Chrysler has said that it’s because lenders are reaching out more to the sub-prime market that they are seeing such a sales gain. The company has always traditionally relied on customers with poor credit and now more and more of these same customers are being qualified for loans. The majority of these customers saw a huge impact from the recession and as they recover, so does Chrysler.

If you’re one of the consumers who is dealing with poor credit, give Bayside Chrysler Jeep Dodge a try. Go here to take a look at the Bayside inventory online. Make sure to like us on Facebook and follow us on Twitter!

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Lenders, Chrysler Give Poor Credit Consumers Another Chance

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The average American consumer’s credit might not be stellar right now, but lenders are overlooking that and offering better rates on auto loans.

According to a report from Experian Automotive, it is a great time to get an auto loan, especially for consumers with poor credit. Banks and lending institutions have loosened restrictions on auto loans, and in return, they have seen fewer consumers defaulting on their auto loans.

Interestingly enough, Chrysler has been cited as a car company that wants to help consumers with low credit score or no credit at all to get a vehicle. Edmonds.com’s Michelle Krebs mentioned the Chrysler family, specifically Dodge, as willing to work with poor credit consumers, stating, “We’ve noticed that people…for example, the Dodge brand selling to that group – has been part of Chrysler’s history they’ve gone after that buyer so that is helping to boost their sales.”

Perhaps it is because of Chrysler’s recent history that they are willing to give American car buyers another chance. Chrysler has gone through tough times, but they are having an incredible year from getting ranked as a top 10 car brand to having one of the year’s most anticipated car launches with the Dodge Dart and winning award for the Dodge Durango, Jeep Grand Cherokee and Chrysler 300. Maybe by giving more car shoppers the chance to get into a car, they can give back a little bit to the people who stuck by them and believed in Chrysler.

At Bayside Chrysler Jeep Dodge Ram, you can get into a new or used vehicle today! Good credit, bad credit, we love to say yes! Click here to browse Bayside’s online inventory and stop by Bayside Chrysler Jeep Dodge at 21219 Northern Blvd. in Bayside, New York. Also, keep up with the latest news and deals from Bayside by liking Bayside on Facebook, following Bayside on Twitter, and subscribing to Bayside on YouTube!

Image courtesy of FreeDigitalPhotos.net