Having so much negativeness about the auto finance industry, I thought I would shed some light on it.  In recent news, there was a car manufactured by Ratan Tata, which costs $2000!  Tata Motors is the largest automaker in India, and has finally rolled out the much anticipated Nano.
Business Week states that Tata Motors is going to be doing a lottery to determine who will be able to buy the first Nano cars. Experts are keeping an eye on Tata Motors (parent company is Tata Group) and if this is really going to be bringing in some additional revenue for the company. Because of the low low price, experts don’t plan on this initial roll out to produce high profits for the auto maker. Tata Motors recently payed just over $2.3 billion for Jaguar and Land Rover. Let’s see if this car price and size sparks an interest with the US auto makers, who seem to already have an eye on creating their own version.
The auto finance industry is an industry Leadpile Lead Exchange is always keeping an eye on, and possibly something like this can spark some interest in consumers going out to purchase cars again… that is if you think you can fit in a little car like this? ummmmmmmm?