Car Loans: The Impact of Rate-Shopping on Your Credit

Did you know that credit check requests can decrease your overall credit score? It is true, and these requests can accumulate when done consecutively. However, it depends on the individual, score number, and the type of report request. Credit bureaus can lower an average of five points off your total score for each inquiry, but most will count multiple inquiries as a single inquiry as long as they happen within a 30-day period.

For this reason, if you are looking for the best car loan rate, you may want to be careful and consider your options before you start applying for car loans. Your best option is to focus finding a loan after careful research in a short amount of time, preferably in less than a month’s time. However, when thinking about the main picture, it is important to take into account that finding the best interest rate in a car loan can be more important as it will save you thousands in the long run, as opposed to the modest dent on your credit score.

Read the full article here:
http://www.consumerfinance.gov/askcfpb/763/can-shopping-car-loan-have-effect-my-credit.html

Strong Retail Sales Indicate Strongest July Sales In Seven Years

Sales numbers for new cars could reach their highest July number since July, 2006, when 1,489,359 new vehicles were sold. According to Edmunds.com’s estimation, 1,328,397 are likely to be sold this July. Since fleet sales are low this July, the number indicates strong performance in private retail sales. Used car sales are also up from last month, and it is predicted that Toyota sales are likely to overcome Ford sales for the first time since March 2010.

Read the full article here:
http://autofinancenews.net/profiles/blog/show?id=2192375%3ABlogPost%3A76932

Volkswagen Opening Five New Factories in China by the End of 2013

Volkswagen has announced that it will open five new factories in China before the end of 2013. This move, being made despite the fact that General Motors has just posted numbers showing that it had sold more cars in China the first half of this year than has VW, is just one step in the German juggernaut’s ongoing march to become the planet’s top automaker.

Currently, VW produces an even score of models in the Land that Mao built. Additionally, the company imports 50 more models into China. VW says that once these new plants have opened, employing people from all segments of society, it will be making 30 models in country and importing around 60.

Kenosha Dealership Offers Not One, But Two Dodge Dart Mopars

The Dodge Dart Mopar is an extremely limited production model vehicle, as only 500 units have been produced. Interested buyers will need to order in advance or have connections to a dealership in order to purchase one of these vehicles. Palmen Motors, a car dealership in Wisconsin, has recently obtained not one, but two new Dodge Dart Mopars for sale, and they anticipate a huge interest in the vehicles from the public.

This Dodge model comes in a glossy black color with blue stripes on the hood. The body styling is unique, as is the 160 horsepower engine. Even the seats have custom stitching with the Mopar logo proudly displayed on each leather surface.

Interested buyers should act fast, since these rare vehicles are sure to be snatched up soon.

Read the full article here:
http://www.prnewswire.com/news-releases/wisconsin-dealership-receives-two-rare-2013-dodge-dart-mopar-models-216143721.html