Tag Archives: blog

Survey: Americans Spending Tax Refund on New Cars, Auto Repairs

A new survey shows that Americans are already planning how to spend their tax refund, and the results point to a very happy spring for car dealerships across the country.

Out of the surveyed consumers, 68 percent expected to get a tax refund, and out of those consumers, a third will either spend the refund on a new or used car or spend it on car repairs. While the average tax refund amount is $2,900, the average amount they will put towards purchasing a new car or repairing their car is over $1,000.

During this time of the year, auto dealerships have the opportunity to close a lot of deals and move a significant amount of inventory. The survey showed that car buyers are just as interested in used cars as new cars, so if dealerships take the right marketing approach, they could see a spike in both new and used car sales.

For car buyers, this is also great news. Dealerships will be ready for a surge of customers, and many will offer seasonal incentives and deals in preparation of tax time. Besides that, having a tax refund ready as a down payment will give car buyers more options as far as available vehicles and flexible financing.

Is your tax refund burning a hole in your pocket? 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!

Image courtesy of Arvind Balaraman / FreeDigitalPhotos.net

Major Recall Affects Over 3 Million Vehicles Worldwide

Toyota, Honda, and Nissan announced this morning that they would be recalling over 3 million vehicles worldwide due to faulty passenger-side air bags.

According to the Associated Press, the inflator on the air bags could potentially burst and send loose plastic pieces flying at passengers. So far, Toyota has had five reports of air bag problems, but fortunately none of the automakers have received reports of injuries.

Toyota will be recalling approximately 1.7 million vehicles including Corollas, Tundras, and other models produced between November 2000 and March 2004, and Honda and Nissan will recall 1.1 million and 480,000 vehicles respectively. Of the vehicles recalled, approximately 1.26 million of those vehicles are in North America.

To find out if your car has been affected by the recall, Toyota owners can find out more information here, Honda owners can find out more here, and Nissan owners can find out more 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!

Ford Focus Top Nameplate of 2012

This week, the 2012 Polk global market registration data was finally completed, and the worldwide top-selling vehicles of 2012 were announced. There were a few surprises in the top 10, but Ford walked away with the top spot and the most representation on the list.

The Ford Focus was the top-selling nameplate in 2012 with over a million units. To be exact, it was 1,020,410 units, a 16 percent increase from 2011. Toyota Corolla came in second place with 872,774, followed by the Ford F-Series. Ford’s third model in the top 10 was the Ford Fiesta at number 6 with 723,130 units.

Here is the full list:

Ford Focus – 1,020,410
Toyota Corolla – 872,774
Ford F-Series – 785,630
Wuling Zhiguang – 768,870
Toyota Camry – 729,793
Ford Fiesta =- 723,130
VW Golf – 699,148
Chevrolet Cruze – 661,325
Honda Civic – 651,159
Honda CR-V – 624,982

In a press release, Ford was clearly celebrating their rankings. Jim Farley, Ford executive vice president, stated, “Focus and Fiesta represent the culmination of our One Ford global product strategy. Our global products are resonating with customers…With additional manufacturing capacity added last year, we now have a tremendous opportunity to further strengthen our global small car sales in 2013, with sales already off to a very strong start already.”

Readers, we want to hear from you! What do you think of last year’s top 10 bestsellers? Have you taken any of them 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 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!

U.S. News & World Report Rank Top Family Vehicles for 2013

If you’re looking for a new family car in 2013, you might be surprised at the sheer variety that automakers are offering.

Last month, U.S. News & World Report named 19 vehicles as their 2013 Best Cars for Families in a variety of categories ranging from Best Compact Car to Best Luxury Full-Size SUV. Winners were judged based on safety, reliability, interior space, seating capacity, and the inclusion of “family-friendly” features like keyless entry and back seat entertainment systems.

GM dominated the list with six winners. The Chevrolet brand took home two awards with the Chevrolet Suburban winning Best Full-Size SUV and the Chevrolet Cruze winning Best Compact Car. Buick also took home two award with the Buick Verano taking Best Upscale Small Car and the Buick Lacrosse taking Best Full-Size Car, and the Cadillac Escalade rounded out GM’s wins with Best Luxury Full-Size SUV.

Here is the full list of winners:

Compact Car – 2013 Chevrolet Cruze
Upscale Small Car – 2013 Buick Verano
Hatchback – 2013 Toyota Prius
Midsize Car – 2013 Ford Fusion
Upscale Midsize Car – 2013 Acura TL
Full-Size Car – 2013 Buick LaCrosse
Luxury Full-Size Car – 2013 Mercedes-Benz E-Class
Hybrid Car – 2013 Ford Fusion Hybrid
Wagon – 2013 Subaru Outback
Compact SUV – 2013 Honda CR-V
Luxury Compact SUV – 2013 Audi Q5
2-Row Midsize SUV – 2013 Jeep Grand Cherokee
3-Row Midsize SUV – 2013 Chevrolet Traverse
Luxury 2-Row Midsize SUV – 2013 Lexus RX350
Luxury 3-Row SUV – 2013 Lincoln MKT
Full-Size SUV – 2013 Chevrolet Suburban
Luxury Full-Size SUV – 2013 Cadillac Escalade
Hybrid SUV – 2013 Toyota Highlander Hybrid
Minivan – 2013 Honda Odyssey

No matter what kind of car you are looking for, 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!

Volvo’s New Fuel Injection Puts Other Engines to Shame

This week, Volvo made a bold statement about their new upcoming engine, claiming that it will make V8s look like “dinosaurs.”

The Volvo Engine Architecture engine family won’t be available until later this year, but Derek Crabb, the VP of powertrain engineering at Volvo Car Group, is already talking it up to the press. When their new fuel injection technology is integrated, Crabb claims, “Our four-cylinder engines will offer higher performance than today’s six-cylinder units and lower fuel consumption than the current four-cylinder generation.” Crabb also stated that the new engines will be “smaller” and “more intelligent”

How does this new fuel injection work? According to Volvo, the new engines will have individual pressure feedback sensors on each cylinder. The pressure in each cylinder will be monitored separately, and fuel injection will be adjusted accordingly. Right now, engines have a common sensor on the cylinders, so they cannot adjust the fuel injection for each individual cylinder.

There hasn’t been an official launch date announced for the new engines yet, but they will be available sometime in autumn 2013. Stay tuned to Approved Loan Store, and we will let you know if the new engines live up to this early praise.

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 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!

Electric Vehicles Outsell Plug-In Hybrids in March

March was a fantastic month for car sales in the U.S., but more notably, it was the best month for electric vehicles ever recorded.

Last month, there were 4,553 battery electric vehicles sold, outselling electric hybrids for the first time ever. There were 3,079 electric hybrid vehicles sold that month and an additional 46,327 hybrid units, bringing the total of electric and hybrid vehicles to 53,959 units.

By comparison, there were 2,616 battery electric vehicles sold in February and 2,022 vehicles sold in January. According to EV World News, the Nissan Leaf did quite well in March selling 2,236 units, and they outsold the Chevy Volt which sold 1,478 units in March. Nissan and Chevy both dropped their prices on the Leaf and Volt considerably last year after sales for both models were lagging, and March might be a sign of those discounts really paying off.

Whatever kind of car you are looking for, Approved Loan Store wants to help YOU get it for the best rates possible! Good credit, bad credit, no credit, we will work to get you into a new or used car 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 subscribing to Approved Loan Store on YouTube!

Image courtesy of Victor Habbick / FreeDigitalPhotos.net

Audi Slims Down 2014 A4, Adds New Features

Automakers in the past year have made an effort to trim the extra weight off their most popular vehicles, but Audi took a huge step this week by promising more features and a slimmer figure on the 2014 Audi A4.

According to a report from AutoBild, Audi is planning to cut approximately 220 pounds off the 2014 Audi A4 and give the interior a full upgrade including a new infotainment system. Additionally, insiders are predicting that Audi will offer a plug-in hybrid and diesel-powered versions of the A4, increasing the fuel economy substantially.

If Audi delivers on these promises, they will set the bar very high for other automakers. Any automaker can make a lighter vehicle, but it is incredibly tough to build a lighter vehicle that also offers more than the previous heavier model. Besides that, Audi is making major changes to an award-winning vehicle, so this is a risk for them. It will be a long time until the world will get a look at the 2014 Audi A4, but until then, we will keep you updated on any new announcements or rumors on the A4 and other new models coming in 2014.

Study: Deadly Daydreaming Distracts Drivers

A new study on distracted driving shows that daydreaming might be more deadly than using a cell phone while driving.

According to Erie Insurance Group, daydreaming while driving cause 62 percent of distracted driving accidents. Only 12 percent of distracted driving accidents were caused by cell phone usage, even though most initiatives targeting distracted driving are specifically about cell phone usage while driving. The study also named other major driving distractions such as eating while driving, managing pets, and talking with other passengers.

This study should change the conversation on distracted driving. The question shouldn’t be how drivers can do more while driving but rather how drivers should focus only on the road while driving. People are driving and thinking about a million things, thinking they can go on autopilot and still drive safely. Clearly, they are wrong. Distracted driving initiatives will be more successful if they start early with driver’s ed classes and target older drivers using public service announcements which focus more on the attitude that drivers can multi-task rather than just cell phones.

Readers, what do you think? Do you use your cell phone while driving? Do you think these public service announcements and initiatives are helpful for stopping distracted driving? Leave a comment below, and let us know what you think!

Image courtesy of graur razvan ionut / FreeDigitalPhotos.net

Automakers Turn Pranksters for April Fool’s Day

Monday was April Fool’s Day, and this year, a number of automakers pulled off some pretty hilarious pranks. In case you missed them, here’s a rundown of some of the best pranks this year.

First up, BMW decided to take on the celebrity baby craze by announcing the new BMW PRAM (Postnatal Royal Auto Mobile), designed specifically for Prince William and Kate Middleton’s baby. While the baby isn’t due until summer 2013, BMW thought they would get a jump on their competitors and build a stroller fit for royalty, complete with a paparazzi-proof hood and air conditioning.

Check out BMW’s PRAM here:

Next, Mini announced they would be branching out into matchmaker services. Mini drivers can create a profile on their in-car app Connect Us, and the app will match them with another Mini driver according to shared interests, driving style, and frequently visited locations. The in-car GPS will even suggest great date spots nearby so they can meet up right away.

Check out Mini’s Connect Us here:

Finally, my personal favorite of the day was Chevrolet’s idea for Corvette enthusiasts with a growing family. Instead of trading in the beloved Corvette for a sensible family car, drivers can now pick up an AeroWagonette for more seating space. The AeroWagonette is a trailer that hooks onto the back of Corvettes and comfortably seats 3 children. Its slick design also matches the look of the Corvette, so drivers won’t have to sacrifice style with their family car.

Check out the AeroWagonette here:

Readers, we want to hear from you! What was your favorite car-related April Fool’s Day prank? Do you wish that any of these products were real? 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! (No joking!) 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!

Buick Shows Off New Regal, LaCrosse at New York Auto Show

Today was the first day that the New York Auto Show was open to the public, but automakers were already showing off new vehicle models earlier this week including Buick’s premiere of the updated Regal and LaCrosse.

2012 was been Buick’s best sales year since 2006, and they are hoping that the New York Auto Show will give them an early sales boost in 2013. The Buick Regal had not performed as well as hoped in 2012 despite Buick’s otherwise good sales numbers, and Buick is hoping that the upgrades to the Regal will improve its sales in 2013.

Upgrades in the new Regal include a new 4.2-inch color display, LED daytime lamps and taillights, and a new grille. Buyers will also have the option of all-wheel drive as well as the choice between a new 2-liter turbocharged engine or a 2.4-liter engine and Buick’s eAssist technology. As for the LaCrosse, Buick focused less on changing up the exterior and more on updating the interior look and features including an eight-inch color display instrument panel and next-gen IntelliLink.

For more from the New York Auto Show, stay tuned to the Approved Loan Store blog!

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 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!