The automotive industry has shown signs of life in recent months, as more consumers are finding ways of obtaining the necessary financing to purchase new and used cars. Auto industry financing has shifted in the years following the recession, and many consumers are taking advantage of alternative financial services to complete their purchases.
The Fast Lane Car recently reported that new and used car sales in September beat expectations and gave most professionals in the industry a reason to be optimistic. According to the news provider, Ford and Chevrolet cars sold the most units, spelling good news for the ailing American auto industry, while Dodge was fifth in sales. The source explained that 2012 has seen major increases for most manufacturers, with Hyundai and Chrysler growing 23.9 percent and 12 percent, respectively. Used and new car dealers can capitalize on the improvements to consumer credit
by offering alternative financing options and keeping sale prices down. Other reports have shown that dealer-financed car sales are increasing, and may even be just a few months from reaching pre-recession levels. Consumers are clearly spending more on vehicles than in the past few years, offering a big opportunity to professionals in the industry.