New vehicle sales in the US have been on a tear in 2014, rising 5.6% to 16.5 million units, the highest since banner year 2006. Light-truck sales jumped 10%, cars edged up 1.8%. The industry is drunk with its own enthusiasm.
General Motors CEO Mary Barra sees “still plenty of room for the auto industry to grow.” She rattled off politically correct reasons: consumers who’re “feeling pretty good about the future,” due to “the strength of the labor market, better job security and the recovery in home prices,” topped off by the “sharp drop in fuel prices and rising incomes,” possibly confusing their stagnant or declining incomes with her rising income.
So sales could hit 17 million in 2015, she said in the statement. It would take the industry back to the car-glory days of 2001. It’s going to be younger buyers – the Holy Grail of everyone. They’re not just moving out of their parents’ homes, where they’ve been holed up for years because they can’t afford the soaring rents or home prices, but now they’re also going to splurge on a set of wheels. Because it’s a great time to buy.
Interest rates for six-year new-car loans are as low as 2.75%, according to Bankrate.com. Loan terms can be stretched to seven years, to where these younger buyers will be awfully close to middle-age before they finally get out from under it. Loan-to-Value ratios have soared well past 100%; everything can be plowed into the loan: title, taxes, license fees, cash-back, and the amount buyers are upside-down in their trade. The package is governed by loosey-goosey lending standards. Bad credit, no problem.
#2
We really need everybody to own a car, then we can stick them for, insurance, title fees, and whatever other fees we can dream up. (it's for safety, you know. He, He, all ways a good lie)
Posted by: Redneck Jim ||
01/12/2015 4:04 Comments ||
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#3
Mo Credik will cure every economic ill. Just sign on the dotted line -- Mr. Banker, Esq.
Hand out fliers about the Federal Reserve devaluing our currency, get handcuffed and get arrested. Now, it appears if you speak negatively about Muslims on social media, Eric Holder and his DOJ may come after you for a civil rights violation. Welcome to Obamaville where the First Amendment is just a memory.
In its latest effort to protect followers of Islam in the U.S. the Obama Justice Department warns against using social media to spread information considered inflammatory against Muslims, threatening that it could constitute a violation of civil rights.
The move comes a few years after the administration became the first in history to dispatch a U.S. Attorney General to personally reassure Muslims that the Department of Justice (DOJ) is dedicated to protecting them. In the unprecedented event, Attorney General Eric Holder assured a San Francisco-based organization (Muslim Advocates) that urges members not to cooperate in federal terrorism investigations that the “us versus them” environment created by the U.S. government, law enforcement agents and fellow citizens is unacceptable and inconsistent with what America is all about.
“Muslims and Arab Americans have helped build and strengthen our nation,” Holder said after expressing that he is “grateful” to have Muslims as a partner in promoting tolerance, ensuring public safety and protecting civil rights. He also vowed to strengthen “crucial dialogue” between Muslim and Arab-American communities and law enforcement. Fool or enabler. Inquiring minds want to know.
#4
Democrats also follow a psychopath that has no check on his power, and eric holder is worse than ebola yet still climbs ranks in the GOD Dammned democrat party. (May they ALL rot in hell)
What a living piece of shiest-er amoeba, GOD rot his shriveled up Soul.
The tumorous Parisian Islamic model is the goal of Holder, Champ, Valjar, and the regime. Separatist urban enclaves in the U.S. for their 'Our People' entitlement followers is a feature, not a bug. None of Holder's arrogant, communist drivel surprises me. He and the rest of the regime are no different from Mugabe, Zuma, Madiba, or dozens of other tribalist, flesh eating tyrants who share their uniquely murderous heritage. They remain totally and quite proudly incompatible with western society, it's freedoms, and the rule of law. There will be no peace with these rabid cultures until they are destroyed or expelled to their squalid continent where they may once again return to destroying themselves.
#7
There needs to be a thorough housecleaning and fumigation of the WH after this bunch of destructive clowns. I've never seen anything like it in my lifetime. He and the rest of his ilk ought to be serving time in the graybar.
#10
This sounds kinda like Great Britain, were you are arrested for insulting ppl. Oh, Didn't Holder resign a couple months ago?
I thought when you resigned you LEFT.
Posted by: chris ||
01/12/2015 10:13 Comments ||
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#11
I think Holder's definition of civil rights is overly broad if it includes hurt feelings.
#12
Moslem feelings andblack feelings. The rest of us are simply prey.
Posted by: Fred ||
01/12/2015 17:08 Comments ||
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#13
This is directly from the fascist manifest. It is ok to criticize anyone the fascist's criticize, but it is a crime to criticize anyone the fascists' support. This is classic and historically accurate fascism creeping into a society. The fair warning is that first they come for me, then they will come for you.
Posted by: 49 Pan ||
01/12/2015 23:31 Comments ||
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[IsraeltImes]. As La Belle France grapples with terror, back in the region jihadist, Moslem Brüderbund, and Iranian camps are actually weakening, which may be a factor in the devastating export of extremism
For media outlets that deal with the Middle East both in Israeli and abroad there is a tendency to focus primarily on regional threats and on dangerous developments that threaten to destroy us: the Islamic State ...formerly ISIS or ISIL, depending on your preference. Before that al-Qaeda in Iraq, as shaped by Abu Musab Zarqawi. They're very devout, committing every atrocity they can find in the Koran and inventing a few more. They fling Allah around with every other sentence, but to hear the pols talk they're not really Moslems.... , Hezbollah, Hamas, always the voice of sweet reason,, Iran, Islamic Jihad
Continued on Page 49
A multi-volume chronology and reference guide set detailing three years of the Mexican Drug War between 2010 and 2012.
Rantburg.com and borderlandbeat.com correspondent and author Chris Covert presents his first non-fiction work detailing
the drug and gang related violence in Mexico.
Chris gives us Mexican press dispatches of drug and gang war violence
over three years, presented in a multi volume set intended to chronicle the death, violence and mayhem which has
dominated Mexico for six years.
Rantburg was assembled from recycled algorithms in the United States of America. No
trees were destroyed in the production of this weblog. We did hurt some, though. Sorry.
Hand out fliers about the Federal Reserve devaluing our currency, get handcuffed and get arrested. Now, it appears if you speak negatively about Muslims on social media, Eric Holder and his DOJ may come after you for a civil rights violation. Welcome to Obamaville where the First Amendment is just a memory.
