Leadpile's Blog» Auto Lead Exchange

GM’s Camaro Might Be A Saving Grace

Mari Woods Holt — Thu, 23 Jul 2009 02:34:15 +0000

It’s been a really bad year for many industries, however the auto finance industry has got to be one of the worst hit. GM has been hit really hard this year with a bankruptcy, and was forced to become a recipient of government bailout money. However, this second half of the year might prove to be a little happier for GM with the roll out of the new Camaro. What little boy (or girl) did not have aspirations of having one of these cars, but never could?
NPR news is reporting that there has been 15,000 of these beauties already sold and 13,000 on back order, but is carefully manufacturing these cars in a timely manner so there does not become a higher supply than demand. So maybe all this buzz will ignite some other auto sales so we can get this auto finance industry going in the right direction! Good luck GM!

GM & Ford Have A Bright Idea!

Mari Woods Holt — Wed, 01 Apr 2009 14:45:11 +0000

Hyundai started the trend and now GM and Ford are jumping on the bandwagon. These automakers have rolled out new “job loss” protection plans for those looking to purchase a car. According to The Washington Post, “U.S. automobile sales are barely running above an annualized pace of 9 million this year. By comparison, car companies in recent years have sold 16 million to 17 million vehicles. Analysts say the sharp drop suggests that Americans have grown so reluctant to buy new cars that they are even holding back on replacing vehicles that have been in accidents or no longer run.” GM’s job loss plan would cover up to nine car payments of $500 each for customers who lose their jobs, and Ford is offering payments of up to $700 for 12 months.
I am not sure of the specific details of these plans and what sort of “criteria” they set, however this is a positive for those that were a little reluctant on buying a new car. With a little (or lot) of government help, and these sorts of plans being rolled out, maybe there is some chance the auto industry can get back on it’s feet????? Leadpile Lead Exchange is excited about the possibility that there might be some light at the end of this very loooooooong tunnel.

Auto Bailout: DENIED!

Mari Woods Holt — Fri, 12 Dec 2008 15:11:25 +0000

After going back and forth with congress, the auto bailout has been denied. According to Business Week , a major factor in this bailout not passing was the United Auto Workers (UAW) refusal to budge with regards to lowering pay and benefits. UAW and congress could not come to an agreement with regards to this touchy subject matter.
According to Business Week, “The bill called for $14 billion to be divided between GM and Chrysler, both of which are at the financial breaking point as the recession and consumer credit crunch have crippled their finances. The companies, anticipating failure in the Senate, have hired bankruptcy law firms. Ford (F) has said it doesn’t need federal assistance now but has asked for a $9 billion line of credit in case sales deteriorate below the current level.” Let’s see how this affects the stock market today.

Leadpile Lead Exchange is keeping a close eye on this situation. Not only does the auto bailout situation affect us directly with our auto finance leads, but it also affects other financial related lead types that we are generating. A bailout not passing is going to affect lots of Americans potentially who are some how linked to this industry. What is going to happen to their financial situation and their jobs? So is bankruptcy the next answer to this denied auto industry bailout??? We will see……

Big 3 Auto Makers Begging Congress For Help

Mari Woods Holt — Fri, 21 Nov 2008 16:02:04 +0000

According to Forbes.com, the big 3 auto makers have concluded testimonies in front of Congress. They are requesting emergency financial assistance and failed in their first attempt in front of Congress. Round 2- they get another chance to plea their case. However, Congress is looking to see if these big 3 auto makers actually have a plan in place. According to Forbes, “What they likely want to see is how the carmakers will lower their labor costs and develop more fuel-efficient cars U.S. consumers will want to buy. The companies are happy to lay out their future product plans, which include more hybrids, plug-in electric cars and new turbo-charged gasoline engines that sip fuel. But the rest is tougher to do.” Let’s see how the next week or so pans out for GM, Chrysler and Ford. My fingers are crossed for you.

Leadpile Lead Exchange, and I am sure all other lead companies, are hoping something positive comes out of the meeting with congress. We would love to see the demand pick back up!

The Importance Of The Internet To The Auto Industry

Mari Woods Holt — Wed, 12 Nov 2008 13:07:56 +0000

In past years, the internet did not play a big part in a company’s product sales. Today, this is certainly not the case. The internet is a major player in generating revenue for all industries. Specifically, financial related websites are very popular for consumers to find out information and also purchase items. Leadpile Lead Exchange is no different. The highest demanded leads in our marketplace are financial related lead types. These are companies wanting to provide financial services to consumers looking for assistance.
The auto industry is also no different than our marketplace, and other companies generating business online. According to DMNews, internet generated car sales will rise from 5.1 millions in 2007 to 7.7 million in 2012. This means that auto makers, no matter what their future status is, need to be visible on the internet in order to generate car sales. This would mean that with the tight economy and not as many people out shopping for a car, auto makers must utilize search engines and SEO efforts to get the much needed attention of consumers. DMNews also stated that Nissan North America, Chrysler and GM have done the best with utilizing search marketing.
So does this also mean that those auto lead exchanges that are not focusing on any other lead type are suffering right now? My guess would be yes. Leadpile Lead Exchange is also feeling the effects of less consumers online looking for a new car, however that is why diversifying the lead types we generate is so very important. People are in dire need of other financial services besides just getting a new car, and we want to be able to help with that.

Auto Lead Exchange: Automakers Are Crying For Help

Mari Woods Holt — Thu, 23 Oct 2008 15:52:16 +0000

We all know what is going on with the economy and how it is affecting the auto industry. However, yesterday MSNBC stated that Michigan (home of GM, Ford, and Chrysler) lawmakers are reaching out to the Federal Reserve Chairman Ben Bernanke and our nation’s treasury secretary to help loosen up the credit requirements. This is in hopes that something can be passed with regards to the 700 billion dollar bailout. Lawmakers are concerned the status of the economy is going to cripple our auto industry.

The sad part about this is the lawmakers are estimating at a reduction in car sales by almost 30%. They estimate this could drive car sales down to roughly 11 million vehicles sold per year, and this is lowest figure since 1983. At this point, having lawmakers step in might be a good idea to help to prevent a bad situation from becoming devastating to the auto industry.
This sort of drop in demand by consumers wanting a new car, is also affecting the lead volume in our marketplace. Our goal is to still capture those consumers that need and want a car in this tough economy.

GMAC Only Lending to 700+ FICO

Mari Woods Holt — Thu, 16 Oct 2008 16:02:06 +0000

In recent news, GMAC announced it would only offer auto loans to consumers with a credit score of 700+. According to Reuters.com, GMAC is only wanting to extend credit to those with good credit, and is also saying it will be doing more shorter term loans. This is in direct response to the economy and what is happening to the auto industry. GMAC expects these changes to remain in place until the economy stabilizes. In addition to these changes that are affecting consumers, GMAC says, “it has increased the rate it charges car dealers for providing standard auto financing by 75 basis points.” Therefore, this is not only affecting the consumer who is getting the car, but also those that are selling the cars.
Leadpile Lead Exchange works a lot with auto finance and car purchase leads. Situations like this, in the lending world, are going to affect the average “joe” who buys a car. This is where the auto finance lead type could become more demanded because generally you are talking about consumers that don’t have the perfect credit like GMAC is wanting. These consumers still need funding and there are still options out there for them, even though their credit is not “perfect”. Those dealers being affected by the GMAC decision should look at joining our lead exchange. We have the ability to connect you with consumers that are looking for a car and want it now.

Tesla Roadster: Auto Makers Biggest Threat?

Mari Woods Holt — Mon, 06 Oct 2008 15:19:36 +0000

With all the demand for autos to become more eco-friendly, high performance AND attractive looking, Tesla Motors feels like they have what people are maybe looking for. This high demanded car is the Tesla Roadster. The battery operated car is a 2 seater sports car that you can customize fully. Unfortunately, the price tag is not affordable to most consumers at $109,000. According to their website, there is a 12 month wait to get one built. Their goal is to roll out a 4 door sedan at around $60, 000, which is much higher then the GM’s sedan (Volt)they will be rolling out in 2010. GM is estimating the cost of their battery operated sedan to be around $40,000. I will say there is a very interesting fact about the chairman of Tesla Motors, and that is that he was the co-founder of Paypal. Time will tell if this Silicon Valley start-up can get the auto world headed in the right direction towards a more eco-friendly world.
Leadpile Lead Exchange generates a lot of auto finance leads. Unfortunately, I am not sure we are going to come across advertisers/dealers in our marketplace able to provide this new beauty…..yet. However, we do welcome any company able to generate auto finance leads!

GM Discount Going Away… Get Your Auto Finance Now!

Mari Woods Holt — Wed, 24 Sep 2008 14:19:06 +0000

Now might be the time to go out and get your new GM auto. According to MSNBC, the employee discount promotion will not be extended past the end of this month. If you are wanting any type of GM, now would be the time to go out and get it and save some money! The discount was saving some consumers anywhere from hundreds to thousands of dollars on that new car. This promotion has been going on since mid August, however sales are still down from the year before. Fortunately, it has allowed GM to have less of a “slump” compared to Ford and Chrysler.
If you are a consumer who is wanting to get that new auto NOW.. Let Leadpile connect you with dealerships in your area. Go to my loan and debt website to get matched up with an auto dealer.
If you are a publisher or advertiser, we would love to work with you here at Leadpile Auto Lead Exchange to connect consumers with dealership near them!

Auto Lead Exchange – Chrysler no more leasing?

Mari Woods Holt — Mon, 28 Jul 2008 14:06:01 +0000

According to MSNBC late Friday, there is some speculation that Chrysler could possibly be getting out of the auto leasing arena. I guess time will tell if this turns out to be true.
Major changes such as this has been happening in the auto industry, and turning the once SUV dominated auto industry into the now ECONOMY driven auto industry. This potential exit from the leasing market, could be the beginning of other major auto manufacturers doing the same thing. Why would auto companies continue to be apart of the leasing industry that is dominated by massive gas “hogs”? Then again what about leasing some of these other cars that are making a surge in the auto industry now? Does that mean consumers will not be able to potentially lease those auto types too? WE will see….
One positive that I can see in this potential change is the increase in the auto finance (own) industry. This potentially means more people will be owning their cars instead of leasing. This could result in an increase in our auto finance lead type. Leadpile Lead Exchange will welcome this potential increase in demand!