Is it a Good Time of the Year to Invest in a Car?

Automotive Experts' Take

The automotive experts are saying yes. The automotive market research giant Edmunds.com* has predicted the car sales would jump to 16.4 in 2014 from 11.4 in 2013. It is because a good number of lending institutions across the world have started to lower down their lending rates and also make the lending standards highly flexible. This would naturally bring more people to the showrooms willing to invest in a car of their choice.

Auto Lending Market

Of course the auto lending market will receive a big boost since a maximum number of the potential car buyers seem to have a troubled financial condition. They would look for a suitable lender to get the money they want to invest in a car. A low rate of interest on the lending amount means lower monthly payment burden. Besides, a person can apply for any amount of cash as a car loan. Many private lenders or dealerships are already providing auto loans against a low down payment and the number of dealers charging 'zero down payment' will significantly rise this year.

Higher Competition has Created a Rosy Picture

An outburst in the number of auto dealers operating in the world automotive marketplace has helped bring down the prices of different makers and models of cars. In addition, many dealers are giving discounts on an online purchase or on pre-approval of auto loans in order to keep intact the interest of the potential car buyers to their site.

Used Car Prices will Fall

The NADA or National Automobile Dealers Association economists are highly optimistic about the low price of used cars. They have said after repeat rise of price for five years in a row, this year, the price of pre-owned vehicles will drop to a considerable extent. Lowered used car price means an increased number of people looking to buy a car will hit the market. Individuals with a bad credit score will especially flock the showrooms in large numbers since purchasing a second-hand car in a good condition will be a cost-effective and practical decision for them.

Leasing will Decline

The Deutsche Bank said leasing of cars by the US residents will fall sharply which means more number of people will invest in a new car. According to the Deutsche forecast, Americans will spend around 13 billion dollars on brand-new vehicles.

Predictions: Cars that will Create a Wave in 2014!

• Bugatti will enter the luxury city car market with the revamped Honda Beats
• Jaguar will introduce a line of luxury vans
• Subaru will offer a new line of Outbacks range of cars
• Ford's new aluminum F-150 will be a huge hit 

Continental AG – A Profitable Future

Continental AG, Europe's second largest auto and truck parts manufacturer predicted, in 2014, the company sales will rise by 5 percent to 35 billion Euros. Continental AG is already in the process of making automobiles with environment-friendly features that would reduce harmful gas emission and increase safety of the driver and passengers.