Detroit auto show heralds strong year for car makers, auto loans
January 5, 2012 – 5:38 am
For most of us, the North American International Auto Show in Detroit doesn’t open until Jan. 14. But press access begin today, and the industry gets its sneak preview later this week. Expect bigger and better stands, brighter lights, broader smiles, more new models, and generally superior razzle-dazzle this year than you’ve seen this side of the credit crunch. Because Motown is on a high as it celebrates a Lazarus-like reawakening after it almost literally flat-lined in 2008-09.
Auto makers optimistic
The Financial Times of Jan. 8, identified three reasons why car makers are so upbeat:
- This year, the U.S. is likely to be a world leader when it comes to demand for new cars.
- American sales of light vehicles grew 10 percent in 2011, and are expected to increase by nearly 9 percent this year.
As we approach the end of the month some may be feeling the pinch and be running out of funds before the next payday. It is easy enough at times like that to think about quick cash loans such as Payday Loans and in some cases, loan sharks.