Tag Archives: crossover

Surprise of the Summer: Crossovers

Toyota RAV4 Honda CR-VLooking back on the summer, the auto industry and car buyers have a lot to be happy about from soaring sales numbers to loosening credit restrictions on auto loans. As the summer came to an end, however, one of the surprises of the summer was an unexpected love for crossover models.

According to Automotive News, the Honda CR-V had its best month ever in August, and the Toyota RAV4 saw a 50 percent sales increase the same month. Looking at the industry as a whole, small-crossover sales went up 36 percent accounting for 1 in 4 vehicles sold, and they gave the industry as a whole an enormous boost. Back in 2007, there were 2.4 million crossovers sold in the United States, and in 2013 up until August, 2.6 million crossovers have already been sold.

In recent years, the crossover has been targeting the same market as the minivan and winning out because, as Honda’s Chris Martin puts it, it is a “Goldilocks vehicle.” Not too big, not too small, and just right for today’s families. Pricing is also reasonable with the 2013 Honda CR-V 2WD LX starting at $22,945 and the 2013 Toyota RAV4 starting at $23,300.

Are you finally ready to get into a great new or used car? 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 Loan: January Auto Sales Surpass Expectations

We predicted it. With reports of lower interest rates and more flexible loan lengths, we predicted that January would be a good month for the auto industry, even coming off of such a strong year.

As it turned out, January was a great month.

January is done and the numbers are coming in, and U.S. auto sales were up 14 percent. It is much better than analysts were predicting, and these gains weren’t limited to one type or model of vehicle. Large pickups, small cars, and crossovers alike all saw increased sales in January.

Among the individual automakers, Toyota had a 27 percent increase. Ford’s U.S. sales had a 22 percent increase. GM had a 47 percent increase on Cadillac, and sales for their full-sized pickups increased 32 percent. Meanwhile, Chrysler’s car sales went up 50 percent with strong showings by the Dodge Avenger, Dodge Dart, and Fiat 500 line.

Automakers are ready to keep these sales numbers going with promotions and deals changing monthly. Now is a great time to get into a new or used vehicle. If you’re ready to get into that car today, Approved Loan Store is ready to help you. Good credit, bad credit, or 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 get more auto news and buying tips by liking Approved Loan Store on Facebook, following Approved Loan Store on Twitter, and subscribing to Approved Loan Store on YouTube!

Image courtesy of renjith krishnan / FreeDigitalPhotos.net