Tag Archives: 2012

Kia Reveals Wonder Woman Sportage at New York Auto Show

This week, the New York Auto Show has taken over the city with James Bond driving the new Range Rover Sport through downtown Manhattan and over 40 vehicles making their New York show debuts. Every auto maker is trying to catch the public’s attention and keep it throughout the show. Kia’s Wonder Woman Sportage is not only bringing attention to the brand but also to a greater cause, Kia’s “We Can Be Heroes” initiative.

Last year, Kia kicked off its “We Can Be Heroes” initiative with a Batman-themed Optima and announced plans to unveil custom cars based on DC characters The Flash, Cyborg, Aquaman, Superman, Green Lantern, and Wonder Woman. The Wonder Woman Sportage is the latest in the series to be revealed. All seven vehicles will be auctioned off, and funds will go towards Save the Children, International Rescue Committee, and Mercy Corps, specifically their work in the Horn of Africa.

So far, I’ve liked the looks of the Batman and Superman-themed Kias, but the Wonder Woman is easily the best design so far. The red and blue color combination pops, and the “W” grille looks fantastic. Time Magazine writer Brad Tuttle had predicted the Wonder Woman car would be the “girliest” of the bunch, but this is a car that anyone would want to drive.

Stay tuned to the Approved Loan Store blog for more updates and news from the New York Auto Show!

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March Record Month for Nissan Leaf

If sales trends continue, March might be the best month ever for the Nissan Leaf.

The Nissan Leaf has struggled since its initial release to pull in big sales numbers, mostly due to its price, but Nissan has rolled out a number of discounts and incentives over the past year. Back in October, Nissan dropped the price for the Leaf, and drivers whose cars were destroyed by Hurricane Sandy were able to purchase the Leaf as well as other Nissan models using the typical employee discount. President Obama has also rolled out tax credits on qualifying hybrid, natural gas, and electric cars which includes the Nissan Leaf.

Across the board, electric cars saw a boost in November thanks to these discounts, but now the Nissan Leaf is looking to have its best sales month ever, selling more than 1,900 units in March. While Nissan leadership is pleased with the numbers, though, they are already pushing ahead. Nissan CEO Carlos Ghosn was quoted, “Our ambition on the Leaf is not 2,000 a month. The target is much bigger than that. But we will have to be patient and resilient.”

Readers, we want to hear from you! What do you think of the Nissan Leaf? Have Nissan’s incentives and discounts made you consider taking the Leaf for a test drive? Leave a comment below, and let us know what you think!

Are you ready to get into a new or used car today? Approved Loan Store wants to help YOU! Good credit, bad credit, no credit, we will work with you to get you a car you want at terms you can afford! Get started today by filling out our secure online auto loan application here, and connect with Approved Loan Store on Facebook, Twitter, and YouTube!

“Imported from Detroit” Pays Off Big for Chrysler

Chrysler’s “Imported from Detroit” has received critical praise and accolades ever since its premiere at the 2011 Super Bowl, but all the awards in the world don’t mean anything if the campaign isn’t translating into more sales. Two years later, Chrysler can now say definitively that “Imported from Detroit” has paid off for the company in a big way.

According to Chrysler President and CEO Saad Chehab, the Chrysler brand sales went up 36 percent from 2011 to 2012, and Chrysler sales were up 100,000 units in 2012. Their goal was to see a 40 percent year-over-year growth with the “Imported from Detroit” campaign before then adding a new Chrysler 200 in 2014 and a new Chrysler 300 in 2015, and so far, it looks like they will easily meet that goal.

Why was “Imported from Detroit” such a success? For one, it was a beautifully unified campaign. Every ad fit together as far as the look, the music, and overall message. The original ad with Eminem was a solid base for them to build on and feature some of Detroit’s local heroes. Beyond that, the message of the campaign hit a chord with Americans. In a time when our country was struggling, this ad was a message of hope. It encouraged car buyers to support their own and to be a part of reviving Detroit. Americans weren’t just buying a car, they were helping their own. This is what the “Imported from Detroit” campaign was all about.

Watch the original Chrysler 2011 Super Bowl ad here:

Readers, we want to hear from you! Did the “Imported from Detroit” campaign make you more likely to check out Chrysler? Which new Chrysler model are you looking forward to the most? Leave a comment below, and let us know what you think!

Are you ready to get into a new or used car today? Approved Loan Store wants to help YOU! Good credit, bad credit, no credit, we will work with you to get a car you want at terms you can afford! Get started today by filling out our secure online auto loan application here, and for more auto news and buying tips, like Approved Loan Store on Facebook, follow Approved Loan Store on Twitter, and subscribe to Approved Loan Store on YouTube!

Auto Sales Per Franchise Get Boost, Chrysler and VW Lead

In 2012 and so far in 2013, the auto industry has posted incredibly strong numbers, steadily building from one month to the next. As auto sales have risen, auto makers have held steady with the number of franchises with very few dropping stores and a few adding stores. This raises the question of whether there is enough demand to support all of these franchises. Fortunately, for now the answer is yes.

Last year, sales per store were on average up 15 percent. Chrysler and VW led the pack with 36 percent and 32 percent increases respectively. New vehicle sales have gone up 13 percent overall, and the average number of new-vehicle sales per franchise has gone up as well.

Chrysler was one of the bolder automakers in 2012. They were confident enough to add 55 franchises that year, even if it meant the number of sales per franchise was lower than the overall industry average. So far, it looks like their gamble might pay off with their sales per franchise is still growing, and they will be pulling in amazing numbers if all of their dealerships start matching the overall industry average.

The time is NOW to get that new or used car! Are you ready? Good credit, bad credit, no credit, Approved Loan Store wants to get you in the car you want at terms you can afford! Get started today by filling out our secure online auto loan application here, and for more auto news and buying tips, like Approved Loan Store on Facebook, follow Approved Loan Store on Twitter, and subscribe to Approved Loan Store on YouTube!

Image courtesy of jscreationzs / FreeDigitalPhotos.net

Volvo Updates City Safety for Bicyclists, Pedestrians

Auto safety has improved leaps and bounds in the past few years, not only for drivers and passengers but for pedestrians as well. Volvo has been a leader in this regard, presenting pedestrian air bags at the Geneva Motor Show last year, and this week, they unveiled another stunner. New Volvos will be able to sense pedestrians and bicyclists on the road and help drivers avoid a collision.

The new technology is an update to Volvo’s three-year-old City Safety system which reduces distracted driving accidents and accidents caused by human error. City Safety alerts the driver if the car is on course for a collision and applies the brakes if the driver does not respond to the warning. The original system could detect and monitor other vehicles, but the update expands its detection system to include bicyclists and pedestrians. This system does not give drivers the ability to drive without watching the road but rather serves as a safeguard in high-stress driving scenarios.

Doug Speck, Volvo’s Senior Vice President of Marketing, Sales, and Customer Service, was optimistic about the new system and what it means for the future of Volvo, stating, “By covering more and more objects and situations, we reinforce our world-leading position within automotive safety. We keep moving towards our long-term vision to design cars that do not crash.”

The new system will be available May 2013 in the V40, S60, V60, XC60, V70, XC70, and S80, and pricing has not yet been announced. Volvo owners can also expect additional updates in the next few years that cover large animals such as deer or small animals like dogs or cats.

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Kia Hits 18 Consecutive Years of Market Gains

For a long time, Kia has been considered a scrappy underdog in the U.S. auto market. The brand is known for value rather than flashy designs, and looking over the top selling cars of the past few years, it would seem that flash is winning out. Kia didn’t break the top 10 best-selling cars for 2010, 2011, or 2012, and while Kia won a decent number of design awards in 2012, it isn’t a brand that typically makes headlines.

So why can’t the Kia leadership stop smiling?

Last week, Kia announced that the end of 2012 marked 18 consecutive years of market share growth in the United States. In 1994, Kia started selling in the United States, and they only sold 692 cars that year. Like the tortoise in the classic fable, though, Kia has slowly and steadily built their sales year after year. 100,000 units were sold in 1999, and by 2007, they had tripled that number. They shot past the 500,000 mark in 2012 with sales of 557,599, 15 percent higher sales than the year before.

Though Kia’s sales are impressive, they are still years away from competing with the big dogs. The Ford F-Series, the top selling vehicle of 2012, sold 645,316 units, more than Kia sold overall. Still, other automakers should take lessons from Kia such as their “flexible factories” and model redesigns that sparked a new interest in the brand. Hopefully Kia’s success will push other auto makers to step up their game and produce better and more affordable cars.

Are you ready to get into a new or used car? Approved Loan Store wants to help YOU! Good credit, bad credit, no credit, we will work with you to get a car you want at terms you can afford! Get started today by filling out our secure online auto loan application here, and for more auto news and buying tips, like Approved Loan Store on Facebook, follow Approved Loan Store on Twitter, and subscribe to Approved Loan Store on YouTube!

TransUnion: One-Third of Approved Auto Loans Are Subprime

With almost a third of all auto loans going to subprime buyers, it has never been easier to get an auto loan.

Figures from Experian and TransUnion, two of the 3 big credit bureaus, show that more people are getting approved for auto loans, and 32 percent of those auto loans are going to subprime borrowers. All these approvals for subprime borrowers have surprisingly not had an effect on the number of buyers who are delinquent 60 days or more on their payments. If anything, the rate has actually gone down from .94 percent in 2009 to .74 percent in 2012.

Industry insiders are attributing the low rate of delinquencies to consumers making their auto payments a higher priority. For many of these subprime borrowers, this is more than just buying a car. This is also a chance to rebuild their credit history and improve their credit score.

At Approved Loan Store, we work with customers every day who have a wide variety of credit standings. Some have stellar credit while others never established a credit history or they are struggling with subprime credit. We work with them to get a great car at terms they can afford, and we can do the same for you too!

Are you ready to get into a new or used car today? Get started by filling out our secure online auto loan application here, and for more auto news and buying tips, like Approved Loan Store on Facebook, follow Approved Loan Store on Twitter, and subscribe to Approved Loan Store on YouTube!

Image courtesy of Stuart Miles / FreeDigitalPhotos.net

Toyota Offers Major Discounts to New York Drivers

In an effort to match their 2012 sales, Toyota is offering massive discounts and refunds on the 2012 Prius plug-in including some deep price cuts for Manhattan-area drivers.

While these discounts will vary by region and dealership, New Yorkers can get approximately $6,500 off on a 2012 Prius plug-in or $4,650 off a 2013 Prius plug-in. They are hoping that the discounts will make car buyers take another look at Prius instead of going with other popular hybrid and electric models such as the 2013 Ford C-Max, the 2013 Nissan Leaf, or the 2013 Chevy Volt.

In an interview with Wards Auto, Toyota Div. Group Vice President Bill Fay acknowledged that the price cuts would make the Prius more competitive, but their main focus is making the car more affordable for the average driver. “I think we have to be cognizant of the world those shoppers are operating in…and we have to be sure we offer the same kind of value when they go to buy the vehicle.” This isn’t a bad idea considering that hybrids and electric cars have been relatively expensive in the past. Perhaps Toyota’s discounts will push more drivers to make the switch to a more environmentally-conscious car.

No matter what kind of car you are looking for, Approved Loan Store wants to help YOU get it! Good credit, bad credit, no credit, we will work with you to get the car you want at terms you can afford! Get started today by filling out our secure online auto loan application here, and for more auto news and buying tips, like Approved Loan Store on Facebook, follow Approved Loan Store on Twitter, and subscribe to Approved Loan Store on YouTube!

Chevrolet Donates Hundreds of Vehicles For First Responders Training

Hundreds of thousands of vehicles were destroyed in Super Storm Sandy back in October including a substantial amount of new inventory. A question that people are starting to ask is what automakers will do with all these cars, seeing as they are unfit to sell, and Chevrolet is stepping up to make the best out of a bad situation.

Chevrolet announced this week that they will be donating 300 vehicles to Guardian Centers in Perry, Ga. The cars will be used to train first responders in a modern cityscape simulator. Chris Perry, the U.S. Vice President of Chevrolet Marketing, explained that many ports and dealer lots in the northeast were flooded, and if Chevrolet hadn’t donated the vehicles, they would have been destroyed. “We could not sell them, so instead of crushing them, Chevrolet is using these vehicles to help train those who respond to just such disasters.”

Guardian Centers’ founder and CEO Geoff Burkart has called these vehicles “essential” to the simulation experience. In a joint press release, Burkart thanked Chevrolet for their contribution, stating, “Chevrolet has given the millions of first responders throughout North America the ability to exercise in metropolitan scenarios that will look and feel just like their home cities…You can’t expect first response professionals to conduct realistic training in a sterile environment. Every metropolitan area in the world must deal with vehicle traffic and first responders should be provided a training environment that helps condition them for what they will face on the job.”

To learn more about Guardian Centers, visit their website at http://www.guardiancenters.com, and you can read the full press release from Chevrolet and Guardian Centers here.

Are you ready to get into a new or used vehicle today? Approved Loan Store wants to help YOU! Good credit, bad credit, no credit, we will work with you to get a car you want at terms you can afford! Get started today by filling out our secure online auto loan application here, and for more auto news and buying tips, like Approved Loan Store on Facebook, follow Approved Loan Store on Twitter, and subscribe to Approved Loan Store on YouTube!

Bad Credit Auto Loan: Car Repossession Rate Drops

As lenders are getting more flexible with auto loan terms and approving more sub-prime auto loans, repossession rates are surprisingly dropping.

According to Experian Automotive, the repossession rate in the fourth quarter of last year dropped 28 percent. Though there was a slight increase in delinquencies during that same time, this statistic shows that car buyers are making their payments on time, even if they had subpar credit or no credit prior to getting the auto loan.

Hopefully the repossession rate will continue to drop. Many people with challenged credit are in need of another chance to rebuild their credit history, and one of the best ways to re-establish credit is with an auto loan. When lenders see that consumers are less likely to fall behind on their payments and go through repossession, they will be more willing to take a chance on someone with challenged credit.

Are you ready to get into a new or used car? Approved Loan Store wants to help YOU! Good credit, bad credit, no credit, we will work with you to get you a car you want at terms you can afford! Get started today by filling out our secure online auto loan application here, and for more auto news and buying tips, connect with Approved Loan Store on Facebook, Twitter, and YouTube!

Image courtesy of Stuart Miles / FreeDigitalPhotos.net