Vote for Your Favorite!Vote now for the best concept car of the NAIAS 2006 in Detroit.
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Americans Have Negative Savings Rate (CBS News) High debt loads and low savings rates prompted consumers to increase borrowing last year by the smallest amount in 13 years. Borrowing on credit cards, auto loans and other forms of consumer debt rose by 3 percent in 2005.
Auto Sales Top AG's List Of Consumer Complaints In 2005 (The New Mexico Channel) ALBUQUERQUE, N.M. -- Automobile sales top the state attorney general's list of consumer complaints in New Mexico. Attorney General Patricia Madrid said her office received 491 complaints involving auto sales last year.
Auto Affordability Worst in Six Years, According to Comerica Index (PR Newswire via Yahoo! Finance) The purchase of an average- priced, new vehicle during the fourth quarter of 2005 took 27.0 weeks of median family income, according to the Auto Affordability Index compiled by Detroit-based Comerica Bank.
Canadian Tire 4th-Qtr Net Rises 18% on New Stores (Update4) (Bloomberg.com) Feb. 9 (Bloomberg) -- Canadian Tire Corp., the country's biggest retailer of auto parts and household goods, said fourth- quarter profit rose 18 percent as the company attracted shoppers to its new, bigger stores.
Volvo to Offer New Small CarThe Swedish automaker unveils a small car intended for young professionals in urban areas.
Editors of MSN Autos
Consumer credit growth in 2005 slowest in 13 years (Provo Daily Herald) Consumer credit growth in 2005 slowest in 13 years WASHINGTON -- Consumers, weighed down by high debt loads and low savings rates, increased borrowing last year by the smallest amount in 13 years, the Federal Reserve reported Tuesday. The government said that borrowing on credit cards, auto loans and other forms of consumer debt rose by 3 percent in 2005, down from rates above 4 percent in
Consumers Reigning In Credit Debt (E-Commerce Times) The government said that borrowing on credit cards, auto loans and other forms of consumer debt rose by 3 percent in 2005, down from rates above 4 percent in the previous three years and a 7.7 percent surge in 2001. It was the smallest increase since a 1 percent rise in 1992.
Auto Affordability Worst in Six Years, According to Comerica Index (The Auto Channel) DETROIT, Feb. 8, 2006 -- The purchase of an average- priced, new vehicle during the fourth quarter of 2005 took 27.0 weeks of median family income, according to the Auto Affordability Index compiled by Detroit-based Comerica Bank. The latest reading is up 0.6 weeks from the prior quarter, resulting in the worst reading for affordability in six years.
