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Industry News

You just cannot go to a dealer without thorough research. Whenever you want to buy a car, do not just rush into the decision. It’s true that most hybrids are more expensive than regular sedans, but they are becoming less expensive each year as automakers discover ways to produce them inexpensively. Overall, the average credit score for new car loans dropped by 10 points, while bad credit auto loans the average credit score for used car loans dropped by eight points.

Also, online car financing companies work with several sub-prime lenders which make it easier for them to process your auto loan application. Online sites like CarLoansRightHere.Com explain the process of how to apply for bad credit auto loans and which type of loan will most suit an individual s requirements and repayment capacity. American auto manufacturers had a pretty big scare in 2009 when the recession was at its peak and auto sales plummeted.

General Motors, and Chevrolet in particular, are seeing big sales with the Spark and Sonic as well as the Silverado pickup. The auto industry is now breaking records with the amount of cars being sold, meaning that all those trade ins are just flooding the market and driving down prices.

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