Tag Archives: Bayside Chrysler Jeep Dodge

Auto Industry Hopeful as Demand Increases

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It feels almost impossible to talk about finance in the auto world today without having to bring up the past. The past, in this case, being the fact that just a few short years ago, the writing seemed to be on the wall for the auto industry. That was then, and those were bleak and dark days for sure, but in the here and now, the business has turned around. The industry is coming back from the brink and is looking more optimistic with each passing month. This is most definitely the case with a recent survey that made the rounds with the industry.

The survey was done by KPMG and asked 100 automotive senior executives and suppliers about the future. 83 percent of the automotive companies expect that their revenues will have an increase in the next year. Profits are strong even though the economy is still considered weak. The demand is certainly there for the industry and because of this, the auto makers are looking to increase production to keep up. This means more employees are needed, so all the major companies are hiring to get ready for the increase in customers in the future.

This, and the return of sub-prime loans, means that it’s a great time to visit a dealership if you’re looking to finally purchase that car you’ve been wanting. See just what Bayside Chrysler Jeep Dodge can do to assist you today. The line up of our new and pre-owned inventory is available for viewing online. Please give us a like on Facebook and a follow on Twitter so we can keep you up to date on news in the auto world as it happens.

Sub-Prime Loans are Easier to Obtain Now Than Before

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If you’re having a problem with credit but are finding yourself needing to get yourself a new or pre-owned vehicle, there’s some good news.

The Ledger has posted news that financing companies are welcoming customers from across the board and this includes those that have poor credit. The average credit score of people buying cars, either new or used, has come back to where it was before the collapse of 2008. The cherry on top of that is that the experts looking at the numbers don’t see this changing anytime soon. The interest rates that the banks need for lending are extremely low and don’t show signs of going up.

What is also helping is that consumers are finally lowering their debts. This makes sub-prime loans a much less risky with someone no longer getting behind on their payments due to the bills stacking up. The example given is that only 0.57 percent of auto loans were 60 days in delinquency in the first quarter of the year.

This positive news is good not only for the buyer, but also for the industry. With the increase of sub-prime loans, car makers are expecting to sell much more of their product this year, easily beating a 30-year low they experienced in 2009. Analysts are seeing this growth rate in buying is both healthy and sustainable. Consumers are just making much better decisions with their finances.

If you’re a car buyer who is worried about their credit, don’t let that stop you from coming into Bayside Chrysler Jeep Dodge. Stop on in and see what can be done to help put you in the car you need for getting around in life. Don’t forget to like us on Facebook as well, and follow us on Twitter, so you can stay up to date on the news coming out of the industry as it happens.

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Chrysler Looking For New Incentives to Get Buyers into Cars

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Economy, economy, economy, not a day can go by where the word doesn’t enter into every news story on any given website. It’s not hard to see why, what with the US still knee deep in a recession, but it’s an inescapable topic. When covering the car industry, the economy has always been a focus point for stories. Most car makers have managed to have a positive spin with their coverage, becoming a Cinderella story of coming back from almost losing it all. Since the bailout, not a month has gone by where journalists (including myself) haven’t spoken at length about the great recovery the industry has had since the beginning of the year. There’s problem with this trend however, that it’s great while it still happens, but just how long will it last?

That’s the question being addressed by the industry which is being looked at in an article with the Detroit Free Press. Many of the major names have started to look into new ways of getting people to continue shopping for cars. One of the ways is how GM has introduced a new 60 day return policy on their cars. It’s not exactly just return the car in 60 days of purchasing it, there are many guidelines that have been set that need to be followed before the dealership will take back your vehicle. That being said, it’s still something very different than business as usual.

Chrysler has a different approach. They have initiated a program that allows buyers to delay their monthly payments for 90 days. This offer is a full national program and applies to Chrysler, Jeep, Dodge, and Ram trucks. It’s all about figuring out ways to incentive people to ensure that the sales companies like Chrysler have been enjoying don’t take a radical dip. The car industry is in a much better place currently and it really enables them to start really thinking outside the box about how to aid their customers.

If you’re one of those customers looking to drive away in a car you need, no matter if you’re suffering from bad credit, come see how Bayside can help you. Be sure to take a full look at our inventory online of new and pre-owned cars. Also give us a like on Facebook and follow us on Twitter to stay current on the industry news.

Image: FreeDigitalPhotos.net