Will Toyota & Honda Recalls Impact Booming Auto Industry?
Just when we thought the auto industry was headed in the right direction, a recall happens with Toyota…. then another recall.. then another recall with Honda. I don’t know about you but this is scary for the auto (finance) industry that we very much work in. Going to a dealership was like going to a ghost town, and then things finally started getting better. This shake up with Toyota, and now Honda, could not have come at a worse time. The struggling auto industry was finally heading in the right direction, and then this all happens. The ironic thing about the recent recalls is the fact that the two companies now in the news were the ones that stayed out of the negative lime-light in the last few years. Kudos I guess to our nation’s automakers for already having gone through the “bad” part of the auto industry hiccups, but gosh when is the auto industry going to get a break? Let’s all keep our fingers crossed that the auto industry keeps moving forward, not backwards! 

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?


GM is speaking out and getting the facts straight to the public. Check out this site: http://gmfactsandfiction.com it allows you to write the “myth” you heard and they will provide the “facts”. 


General Motor Corp. is introducing the new Chevrolet Volt in 2010 and has a waiting list of over 33,000 prospective buyers for this new battery powered car. Many buyers for this vehicle are from California, Texas, Illinois and Michigan. Yes, many Americans are facing high gas pricing in these states.