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In 2009, 60% of car loans will be paid off, does that mean people will rush to buy new cars?

Tuesday, February 9th, 2010

A car salesman told me there are 4 to 5 year car buying peaks, the last peak in car sales were from the years 2005 and 2006.
he said most car loans will be paid off in 2009 and 2010
and in those same years they are expecting another peak in new car sales.
any truth in that?

I have been in the business for 10 years most people try and trade after 3 years. The current popularity of 72 month and even 84 month finance will change that. We get a steady flow of customer for the most part until like now the economy get shaky then we slow down. The 2005/2006 spree was caused by low rates and big sales(GM’s first employee price sale). I hope it does turn but I wont hold my breath

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GM Fire Sale, What’s happening with the Saab 9-5, Ferrari 599 Hybrid Rumors, My First Car

Friday, January 29th, 2010

GM is having a “fire sale” and selling off all remaining Pontiac and Saturn cars. Also, what’s happening with Saab, GM has no updates on the deal with Spyker, that is supposedly still in the works. And in the Internet Rumor Mill, could a Ferrari hybrid be revealed at the Geneva Motor Show? And to mix things up, we have some My First Car From Rockafeller Center in NYC. Hosted by Derek DeAngelis.

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We want to wish you all a healthy and happy new year. Next New Networks is moving offices and will resume when we return.

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Top Gear – General Motors hy wire

Thursday, January 28th, 2010

Car of the future.

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2010 GM Spark four-door mini car Breaking Auto News NAIAS GM

Saturday, November 28th, 2009

Breaking Auto News NAIAS GM 17 new cars of the Future Detroit Motor Show NAIAS GM General Motors Bailout Cars for the Future Showcases 17 new cars Detroit Motor Show 2011 Chevrolet Cruze 2010 Chevrolet Equinox, 2010 Cadillac SRX, 2010 Buick LaCrosse and Cadillac Converj 2010 Cadillac CTS Sports Wagon Chevrolet Spark 2010 Chevrolet Camaro Bob Lutz, GM Vice Chairman Rick Wagoner, GM Chairman CEO [11-Jan-2009] General Motors opened the North American International Auto Show with a road rally of 17 new and upcoming cars and crossovers including four global premieres that underscores GM’s ongoing commitment to compelling design, fuel efficiency and advanced technology. In addition to the four world premieres the 2010 Chevrolet Equinox, 2010 Cadillac SRX, 2010 Buick LaCrosse and Cadillac Converj concept Chevrolet announced it will produce and bring to the U.S. the fuel-efficient Spark four-door mini car and seven-seat Orlando multi-purpose vehicle. The Cadillac Converj concept propels Cadillac’s design into the future of luxury driving. Available video includes footage of the various concepts and models, as well as soundbites from CEO Rick Wagoner and Gov. Granholm.

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Breaking Auto News NAIAS GM 17 New Cars Camaro 2010 Detroi

Friday, November 13th, 2009

Breaking Auto News NAIAS GM 17 new cars of the Future Detroit Motor Show NAIAS GM General Motors Bailout Cars for the Future Showcases 17 new cars Detroit Motor Show 2011 Chevrolet Cruze 2010 Chevrolet Equinox, 2010 Cadillac SRX, 2010 Buick LaCrosse and Cadillac Converj 2010 Cadillac CTS Sports Wagon Chevrolet Spark 2010 Chevrolet Camaro Bob Lutz, GM Vice Chairman Rick Wagoner, GM Chairman CEO [11-Jan-2009] General Motors opened the North American International Auto Show with a road rally of 17 new and upcoming cars and crossovers including four global premieres that underscores GM’s ongoing commitment to compelling design, fuel efficiency and advanced technology. In addition to the four world premieres the 2010 Chevrolet Equinox, 2010 Cadillac SRX, 2010 Buick LaCrosse and Cadillac Converj concept Chevrolet announced it will produce and bring to the U.S. the fuel-efficient Spark four-door mini car and seven-seat Orlando multi-purpose vehicle. The Cadillac Converj concept propels Cadillac’s design into the future of luxury driving. Available video includes footage of the various concepts and models, as well as soundbites from CEO Rick Wagoner and Gov. Granholm.

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GM and EBAY Starting Online Car Yard Sale of New Cars. How Negotiable? If $20,000 price, how much can I offer?

Friday, November 13th, 2009

I’m trying to find out how much negotiation is possible?

If a car is $20,000 regular price, what price can I offer that would be realistic and very good deal?

17K

It’s ebay, haggle the best deal you can.

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