Sub-prime finance has attracted a bit of interest (no pun intended) over at TTAC lately, and the segment itself has experienced phenomenal growth in the post-bailout era.
Auto lending site www.carfinance.com released a list of the top 10 most popular new and used vehicles as purchased by sub-prime buyers over the last six months. While it’s not the most complete list by any means, it does give us a glimpse into the choices of sub-prime buyers. As far as we know, no such list has ever been compiled prior to this.
For 2013, America’s cheapest car will get another bit of unloved technology to go along with its continuously variable transmission.
While Honda and Mazda are just getting their respective footholds in Mexico (the two automakers are opening up respective assembly plants in Mexico), Nissan has had a long presence south of the border, building cars at its Augascalientes, Mexico plant for decades.
Sajeev and Steve,
I’m almost done with my tour here in Korea and it’s time to return to “America-land.” That means it’s car shoppin’ time! So if you’ll remember, I still have my S2000 that my father-in-law’s taken care of but I don’t want to use it as a DD. And my wife wants a car of her own as well. We’re going to Ft. Huachuca, AZ and lots of road trips to TN and other lands are in our future. I want a spacious (read: wagon and AT) highway cruiser for the wife and something cheap and cheerful (read: MT) that I won’t mind baking in the AZ sun.
So here’s the ROE (rules of engagement):
Wife’s car: $30K-$40K, wagon-y, AT, luxo-ish
My DD: $10K max, MT, beater-ish