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Canada: longer-term loans buoy car sales


The North American country is still battling debt issues, but car buyers are increasingly choosing to stretch their loan in order to lower their monthly payments. The practice does stack to increase sales, but experts warn the practice could be dangerous. According to figures coming from marketing information firm J.D. Power, today the average duration of a light-vehicle loan in Canada ...
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US: five car brands that have low brand loyalty
Just a few years after the latest economic crisis, the US auto industry looks brighter than ever – with sales of new cars rising each and every month. But competition ...
Tesla’s Gigafactory competition heats
The California-based electric carmaker has jumped from startup status to the provider of the biggest US economic development plan in recent years – the proposed $4 to $5 billion battery ...
Magna considering new purchases
As the company – the largest auto parts maker in North America – distances from the strategy envisioned by its debt-weary founder Frank Stronach, Magna International now mulls acquisitions worth ...
US: millennials also embrace SUVs
The latest studies show that the “millennials” generation, just like their parents, the so-called “baby boomers,” are increasingly opting for sport utility vehicles instead of the more traditional passenger car. Folklore ...
US: GM Financial to introduce higher-yielding ABS deal
The US automaker’s sub prime-auto lender, which is currently under an investigation from the Justice Department, said it moves to introduce an asset-backed bond deal that would have a bigger ...
Russia steps in and guarantees for truck maker Kamaz
The country’s government has moved to announce it will back the Russian company by guaranteeing $1 billion of its future debt, a move inside a larger state initiative to support ...
Rental guru Hertz says it will miss internal forecasts
Hertz Global Holdings Inc., the Naples, Florida-based company specialized in auto rentals, has announced its 2014 results are expected to fall “well below” its initial assessment. The company said the industrywide ...
China: Geely’s first half profit dips 20%
Geely Automobile Holdings Ltd, one of the major domestic carmakers in China, announced its six months profit dropped 20%, disrupted by a sales slump at home as major foreign brands ...
US: Honda says its strength lies in retail sales
The Japanese automaker, which lost share in recent months on the US market, has moved to signal it doesn’t rely on low-margin fleet sales or subprime lending to artificially enhance ...



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Canada: longer-term loans buoy car sales
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