If you're new here, you may want to subscribe to my RSS feed. Thanks for visiting!

What a difference a year makes – both in terms of an auto model’s year and the calendar year.

A year ago G.M. General Motors was on its deathbed and the “imports “  were taking over.  Lower health care costs ( younger workers with few health care costs and demands), non union labor.  The imports – Toyota , Nissan, Mazda, Mitsubishi ,KIA , Hyundai and the like were on the roll.  GM with all its costs – all brands ridden for fat profits and profit margins over the years seemed done for and even done in.  On top of that with government urging Gm sold its crown Jewel – GMAC financing.

It might be said that GM ( and other car makers and big box stores)  were not in the sales or production / manufacturing business they were in the finance business.

yet Mr. Obama and his minions accomplished more than one action in one fell swoopp.  Not only did the mighty G.M. become “Government Motors”  but with the divestiture of GMAC financing for auto as well as truck buyers became less integrated and easy.  Bankers are less forgiving and have little vested interest in handing over financing for that vehicle.

It stops to be a one hand washes the other in terms of auto sales / auto financing.  Less cars on the road may well make the green crowd rub their hands with glee- all the while flying in corporate or NGO private jets overseas.  Yet the apparent contradictions in left wing thinking in regards to the auto industry seldom come into play.

In the auto industry after all its a matter of numbers , stats and profits.  Shave a penny off costs of a unit and its a million dollars , or in today’s 2010 / 2011 terms a billion or in Mr. Obama’s / Soros’s terms a trillion.

Now the numbers have come into play with Toyota.  One tenth of a thousandth of a percent of circuit board failures in the cold extreme weather conditions of northern Alberta or Edmonton / Sherwood park  Alberta – work out to 3 failures.  Yet people see horror stories ( unrelated and coincidental ) with some babbling grandmother on CNN out to make a settlement with Toyota and somehow a simple stalling issue becomes a run away car story .  People who mean well after all , but are totally misinformed desperately phone to warn their friends of the dangers of driving their Toyota Corolla / Matrix.  Guess one should stay at home and never go out. And certainly not buy another Toyota.

It used to be paraphrased – What is good for General Motors is good for the country ( USA)

2011 Dodge Avenger Pricing Londonderry

2011 Dodge Journey Pricing Londonderry

Londonderry 2011 Dodge Viper Pricing

Londonderry 2011 Dodge Viper Pricing

2011 Dodge Charger SRT8 Pricing Londonderry

2011 Dodge Caliber Pricing Londonderry

Capital One Financial Corp. (COF) reported U.S. credit-card delinquencies fell again during July while domestic net charge-offs declined for a fourth-straight month as the sector continues to recover from losses on souring loans and late payments from borrowers.

A number of banks continued to report improved performance at their credit-card businesses in the latest quarter. The three major credit card companies saw increased consumer spending and processed more payments, adding to evidence supporting hopes for an industry turnaround.

Delinquencies and charge-offs–loans banks don’t think they will be able to collect–are a gauge of potential losses and the amount lenders may need to set aside to cover them.

Card-issuer-turned-bank Capital One said charge-offs dropped to 8.13% last month from 9.28% in June at its U.S. card business and were down at 7.86% from 8.29% internationally, according to a filing with the U.S. Securities and Exchange Commission. Auto-finance charge-offs fell to 2.6% from 2.72%.

At Capital One’s U.S. credit-card business, 30-day delinquencies declined to 4.66% from 4.79% in June and fell to 5.94% from 6.03% internationally. The auto-loan rate dropped to 7.72% from 7.74%.

Capital One last month reported that it swung to a second-quarter profit as revenue jumped and loan-loss provisions dropped sharply and credit-card metrics improved sequentially.

http://www.foxbusiness.com/markets/2010/08/16/capital-delinquencies-charge-offs-july/?utm_source=feedburner&utm_medium=feed&utm_campaign=Feed%3A+foxbusiness%2Ffinance+(Internal+-+Finance+-+Text)

2011 Dodge Avenger Pricing Londonderry

2011 Dodge Journey Pricing Londonderry

Londonderry 2011 Dodge Viper Pricing

Londonderry 2011 Dodge Viper Pricing

2011 Dodge Charger SRT8 Pricing Londonderry

2011 Dodge Caliber Pricing Londonderry

Winnipeg Auto Financing

Coquitlam Vancouver BC Auto Financing Calculator

Edmonton Alberta Auto Finance Calculator

Nepon

http://www.neponauto.com

Anyone who has followed Toytota and its woes will note that Toyota Motors seems to have attracted more of its share of attention from federal regulators going after the American ( or in this case foreign / offshore / Japanese / screwdriver plant by young American workers with few health care costs working in a former cornfield)
Its as if instead of GM General Motors the highly paid , with little expenses putting in time for their pension – keep you and your boss out of the limelight have gone for Toyota with a passion or hard on
Yet its a matter of numbers and the stats kicking in – sell enough millions and millions of cars , have one small defect per 1 million cars and voila the stats and numbers kick in and you have a defective consumer product
simple as that
answer not to sell volumes of new cars

Losing market share in the U.S. and coming off of a recall of millions of cars globally, Toyota Motor nevertheless posted a $2.2 billion first-quarter profit and raised its full-year profit forecast through March by $353 million, to $4 billion.

The rebound came thanks to rising sales, cost cuts and fat profits from its U.S. auto-finance arm. Navigating the road ahead, though, could prove difficult.

The most immediate challenge is an expected plunge in Japanese demand, as the
as “heard on the street”

http://online.wsj.com/article/SB10001424052748704017904575408893086400482.html?mod=rss_Heard_on_the_Street

Vancouver BC Buying a new 2011  GM GMC Buick Chevy 2011

Vancouver BC Auto Trader

2011 Dodge Avenger Pricing Londonderry

2011 Dodge Journey Pricing Londonderry

Londonderry 2011 Dodge Viper Pricing

Londonderry 2011 Dodge Viper Pricing

2011 Dodge Charger SRT8 Pricing Londonderry

2011 Dodge Caliber Pricing Londonderry

Edmonton Alberta Dodge Ram Auto Financing

Nepon People Before Profit

Furnasman One Hour UV Lights

http://www.neponauto.com/page/2/

Employees at seven federal agencies will soon receive notice that they could have a new employer this time next year: the Consumer Financial Protection Bureau.

Treasury Secretary Timothy F. Geithner is expected to discuss the issue Thursday afternoon during a meeting with heads of the relevant agencies, including Federal Reserve Chairman Ben S. Bernanke, Federal Deposit Insurance Corp. Chairman Sheila Bair and outgoing Comptroller of the Currency John C. Dugan.

The new consumer watchdog, which will be housed in the Fed, is a cornerstone of the huge financial overhaul package signed into law by President Obama last week.

In the lead-up to the financial crisis, seven regulators shared responsibility for looking out for consumers of mortgages, credit cards and other loans, but none treated that role as a top priority. Meanwhile, home loans grew riskier and more complex, credit card interest rates and banking fees swelled, and non-bank lenders — such as mortgage brokers and auto finance companies — operated virtually without oversight.

The new consumer regulator will have broad power to write and enforce rules, in an effort to protect borrowers from lending abuses. It is likely to have hundreds of employees and an initial budget of about $500 million, though it remains uncertain how much of its staff will come from other agencies.

Geithner is expected to send a letter to employees at the affected agencies within days, informing them that they could be sent to the new bureau.

“Certain employees at your agency that work on consumer protection may be asked to transfer” to the bureau, reads a draft of the letter. “This process will involve extensive consultation between Treasury and your agency before any decisions about transfer are made.”

The financial bill mandates that officials set a transfer date for the consumer protection duties within 60 days, and that the new regulator be up and running within a year.
ad_icon

Administration officials have said the president plans to appoint an inaugural director of the bureau soon. But until the Senate confirms a nominee, the legislation leaves it to Geithner and the Treasury to construct a framework for the new regulator.

Already, dozens of Treasury employees are focused on that task, working to set up elements as weighty as separate offices to deal with issues affecting women, minorities, military families and senior citizens, and as mundane as securing office space, phones and computers.

Other regulators scheduled to attend Thursday’s meeting include Federal Trade Commission Chairman Jon Leibowitz, Office of Thrift Supervision Acting Director John Bowman, National Credit Union Administration Chairman Debbie Matz, and Housing and Urban Development Secretary Shaun Donovan

http://www.washingtonpost.com/wp-dyn/content/article/2010/07/28/AR2010072806040.html?wprss=rss_business

Vancouver BC Auto Trader

Edmonton Alberta Dodge Ram Auto Financing

Nepon People Before Profit

Furnasman One Hour UV Lights

http://www.neponauto.com/page/2/

Ally Financial Inc., the lender formerly known as GMAC Inc., reported its second straight quarterly profit as automobile and mortgage units made money and pressure from bad loans eased.

Net income was $565 million in 2010’s second quarter, compared with a loss of $3.9 billion in the same period a year earlier, Ally said in a statement today. All of Ally’s operating segments were profitable, including a $230 million pretax gain from continuing operations in mortgages, Ally said. The company is 56 percent owned by the U.S. after benefitting from more than $17 billion of bailouts and doesn’t have publicly traded shares.

“The trends have been very positive on the auto finance side,” Kirk Ludtke, senior vice president for CRT Capital Group LLC in Stamford, Connecticut, said before the results were announced. “The auto portfolio held up nicely through the recession.”

Chief Executive Officer Michael Carpenter, 63, is refashioning Ally into a lender that serves more companies than just General Motors Co., its former parent. GM is planning to buy AmeriCredit Inc. to help finance car sales. Ally, which adopted its new name in May from its banking unit, has expanded its client list to include Saab Automobile AB and Thor Industries Inc., the biggest maker of recreational vehicles.

“Ally’s strategy is to evolve into being a more diversified bank and they are putting a lot of media effort into building their online bank,” said Kathleen Shanley, a senior bond analyst at independent debt-research firm Gimme Credit LLC in Chicago.

Ally’s Deposits

While expecting to remain profitable, Ally said some business conditions that contributed to this quarter’s earnings may slow in the months ahead. Ally cited gains from reselling used cars and mortgage loans and portfolio gains in its insurance investment account, according to slides prepared for an investor conference call. Used car prices are at a record high, Ally said.

Ally set aside $220 million as a provision for loan losses, an 80 percent decline from $1.11 billion.

Carpenter attracted deposits to Ally’s Internet bank by offering above-average interest rates and running advertisements that portray competing bankers as deceptive. The lender spent more than $95 million on ads last year, at least four times the amount spent by General Electric Co.’s finance unit, according to Nielsen Co., the media-research company. Deposits increased 7.2 percent to $34.3 billion from the first quarter.

ResCap Status

Ally is exploring the sale of its Residential Capital mortgage unit, which posted a profit for the quarter. The business and Ally’s bank together ranked as the fourth most- active housing lender in the first half, according to data compiled by Inside Mortgage Finance, a trade publication.

Ally originated $13.5 billion in home loans during the quarter, a 29 percent decline from a year earlier. Costs of repurchasing loans declined to $97 million from $237 million a year earlier; the expense was $49 million in the first quarter.

The firm may face more competition in auto lending after GM, which counts Ally as its primary lender, said last month it will buy subprime lender AmeriCredit for $3.5 billion, according to Thomas Ferguson, a debt analyst at KDP Investment Advisors in Montpelier, Vermont. GM is looking to boost sales to borrowers with blemished credit even as Ally has retreated from the space.

GM considered and rejected buying back Ally before turning to AmeriCredit, according to people familiar with the discussions. Ally said today that AmeriCredit focuses on a different part of the market for subprime customers, and that it remains the biggest provider of leasing to GM.

“Ally pulled away from subprime lending and leasing pretty dramatically over the past year or so,” Ferguson said in an interview. “The specter of reduced origination flow from GM to Ally becomes an issue, though it’s not that big, at least in the short term.”

http://www.businessweek.com/news/2010-08-03/ally-posts-second-straight-profit-on-autos-mortgages.html

Winnipeg Auto Financing

Coquitlam Vancouver BC Auto Financing Calculator

Edmonton Alberta Auto Finance Calculator

Nepon People Before Profit

Furnasman One Hour UV Lights

http://www.neponauto.com/page/2/

Rocky Mountain Tracking, Inc. (RMT) announces the Smart Tracker Elite GPS tracking (http://www.rmtracking.com) device exclusively for Auto Dealerships and Buy Here Pay Here Auto Finance Groups.

The Smart Tracker Elite offers car dealers an on-demand method of tracking from the internet on an as-needed basis. According to some car dealerships, the Smart Tracker Elite is the answer to auto finance default and retention. “A dealer could have 100 cars equipped with GPS anti theft devices (http://www.rmtracking.com/auto-dealer-gps) and never pay any monthly fees,” says Brad Borst, President of RMT. In the event a vehicle did need to be located, it would cost about $4.95.

The Smart Tracker Elite program offers car dealers the option to sell the anti theft device to their customers when they sell a vehicle.. The pricing is discretionary to the dealer allowing them to maximize margins for additional revenue.

The Smart Tracker Elite uses a series of gps satellites combined with cellular towers to accurately pinpoint the exact location of a vehicle. The Smart Tracker Elite anti theft device has a simple 2-wire install and can be completed at the dealership during the sale of a vehicle.

Protecting vehicles against theft has never been more important as the depressed economy has contributed to an increase in vehicle thefts and loan defaults. Presently, between 70 and 87 million people fall below a 650 credit score and financing for a vehicle is difficult. The Smart Tracker Elite anti theft system is being installed by Car Dealers to reduce their risks and swiftly recover any vehicle for non-payment.

The Smart Tracker Elite is exclusive to car dealerships. For more information, contact RMT at 1-888-242-0500 or visit the website for more information:  rmtracking.com/auto-dealer-gps.php (rmtracking.com/auto-dealer-gps.php)

About Rocky Mountain Tracking, Inc.
Rocky Mountain Tracking, Inc. (RMT) was founded in 2003, and is headquartered in Fort Collins, Colorado. The company has sold over 30,000 GPS tracking devices and is the leading GPS tracking provider in the United States. RMT’s state-of-the art tracking solution, NavIQ, has become increasingly popular for nearly all GPS tracking applications nationwide.
Furnasman

Furnasman
Winnipeg One Hour Heating

Mr Green Edmonton Auto Financing

Winnipeg Home Heating Air Conditioning

Western Canada Winning Lottery numbers

www.vancouverbcautotrader.com

Vancouver BC Auto Trader

Nepon Auto

Businesses are in business to be profitable.  A company or corporation is much like a person in that what is important is the long term health and growth of  itself.   Whether its a chip stand or a multi billion dollar operation is all the same it is all long term profitability and corporate or company health.

Sure a problem has been in American business of pressures from stock holders – or rather the financial industry for short term numbers.  After all the CEO is there only putting in time to get short term numbers to get bonuses and stock options. To the greatest degree American business has been in the last number of years of shutting down their American operations – North American – piecing off workers and unions – so that the limited resources were not spent on any growth in the auto industry but rather shutting down operations.

In many ( if not most cases ) profitability of american companies ( including the auto industry) came from staff reductions not from profit or profitability by any means.

That is why the headline “Chrysler Posts Quarterly Loss ” is so telling.   Somehow the company’s good fortune is right around the corner – or is it ?

Western Canada Lottery Winning Numbers

Edmonton Auto Finance Calculator Online

Nepon

http://www.neponauto.com

Furnasman Winnipeg CBC

Furnasman Wpg CBC

Furnasman Winnipeg CBC

Furnasman Winnipeg CBC

Furnasman Winnipeg CBC

Furnasman Winnipeg CBC

Furnasman Winnipeg CBC

Furnasman Winnipeg CBC

Furnasman Winnipeg CBC

Furnasman Winnipeg CBC

Furnasman Winnipeg CBC

Furnasman Winnipeg CBC

Whether your are moving one item or a whole apartment, loading or unloading a truck call Vincent at A Man With a Cube Van at this number 917 257-2761 for a free quote or e-mail us a list of what you are moving.

We give hourly & flat rates depending on what kind of move you have and our rates are one of the lowest in the NYC, New Jersey and Connecticut area.

We are 100% reliable and your satisfaction is guaranteed! Last minute & night moves are Ok. No hidden fees here !

Free Sofa & Mattress Covers Free Insurance Free Blanket Wrap Free Dollys & Hand Truck Free Wardrobes Boxes & Tape

Quality Inn Winnipeg Extended Stay Hotel

Tags:

Winnipeg, Long, Stay, Hotels, Extended, Free, Wi, Fi, Wireless, Internet, Health

• Facebook
• Twitter
• Digg
• Stumble Upon

• Share
• Embed
• Favorite
• Download

Report This Video

• By: Nodamish
• Subscribers: 0
• Updated: 14-Aug-10
• Videos: 0

Combined with our friendly staff, the Quality Inn Hotel Winnipeg is the ideal location for both corporate and leisure travelers to the Winnipeg area. Visit qualityhotelwinnipeg.com for more details

1. Categories: Travel & Outdoors
2. Views: 1  |  Average Rating: 0.00  |  Added: 14-Aug-10

Comments on

Quality Inn Winnipeg Extended Stay Hotel

0 Comments | Be the first to comment

1. Derrick Dodge —Buy new or used cars 32 sec – 28 Nov 2009 – Uploaded by shinderpaljandu derrickdodge.com Dodge is Canada’s #1 Chrysler/Dodge/Jeep Dealer—providing the largest selection of used cars and trucks … youtube.com – Related videos

2. Edmonton Chrysler Sebring – Derrick Dodge 1 min – 25 Jul 2010 Derrick Dodge shows to you the new 2010 Chrysler Sebring. Visit our website at derrickdodge.Com metacafe.com – Related videos

3. Derrick Dodge —Buy new or used cars 20 Mar 2010 Watch free Derrick Dodge —Buy new or used cars videos online at In.com. Get latest series of Derrick Dodge —Buy new or used … in.com – Related videos

4. Derrick Dodge ??Buy new or used cars 31 sec – 28 Nov 2009 derrickdodge.com ??Derrick Dodge is Canada’s #1 Chrysler/Dodge/Jeep Dealer ??providing the largest selection of used cars … veoh.com – Related videos

5. Derrick Dodge —Buy new or used cars 29 May 2010 Watch the Derrick Dodge —Buy new or used cars Video from recent posts – blip.tv (beta) on mefeedia.com Derrick Dodge —Buy … mefeedia.com – Related videos

6. Derrick Dodge —Buy new or used cars 32 sec – 16 Dec 2009 derrickdodge.com Dodge is Canada’s #1 Chrysler/Dodge/Jeep Dealer—providing the largest selection of used cars and trucks … yahoo.com – Related videos

7. Derrick Dodge —Buy new or used cars 21 Dec 2009 Sherryjane wrote: derrickdodge.com Dodge is Canada’s #1 Chrysler/Dodge/Jeep Dealer—providing the largest selection of used … carstreams.net – Related videos

8. Edmonton 2010 Chrysler Sebring – Derrick Dodge 1 min – 25 Jul 2010 – Uploaded by ravenshawn Derrick Dodge shows to you the new 2010 Chrysler Sebring. Visit Derrick Dodge at derrickdodge.com youtube.com – Related videos

9. Derrick Dodge 31 sec – 27 Nov 2009 derrickdodge.com Dodge is Canada’s #1 Chrysler/Dodge/Jeep Dealer—providing the largest selection of used cars and trucks in … metacafe.com – Related videos

For all of us who feel only the deepest love and affection for the way computers have enhanced our lives, read on.

At a recent computer expo (COMDEX), Bill Gates reportedly compared the computer industry with the auto industry and stated,

‘If GM had kept up with technology like the computer industry has, we would all be driving $25 cars that got 1,000 miles to the gallon.’

In response to Bill ‘ s comments, General Motors issued a press release stating:

If GM had developed technology like Microsoft, we would all be driving cars with the following characteristics (and I just love this part):

1. For no reason whatsoever, your car would crash………Twice a day.

2.. Every time they repainted the lines in the road, you would have to buy a new car.

3… Occasionally your car would die on the freeway for no reason. You would have to pull to the side of the road, close all of the windows, shut off the car, restart it, and reopen the windows before you could continue. For some reason you would simply accept this.

4. Occasionally, executing a maneuver such as a left turn would cause your car to shut down and refuse to restart, in which case you would have to reinstall the engine.

5. Macintosh would make a car that was powered by the sun, was reliable, five times as fast and twice as easy to drive – but would run on only five percent of the roads.

6. The oil, water temperature, and alternator warning lights would all be replaced by a single ‘This Car Has Performed An Illegal Operation’ warning light.

I love the next one!!!

7. The airbag system would ask ‘Are you sure?’ before deploying.

8. Occasionally, for no reason whatsoever, your car would lock you out and refuse to let you in until you simultaneously lifted the door handle, turned the key and grabbed hold of the radio antenna.

9. Every time a new car was introduced car buyers would have to learn how to drive all over again because none of the controls would operate in the same manner as the old car.

10. You’d have to press the ‘Start’ button to turn the engine off.

http://www.youtube.com/watch?v=iKoGta38czo

http://www.livevideo.com/video/D9292A93424347D59BEA8E4C96E28E1B/dodge-caliber-2010-edmonton.aspx

http://www.livevideo.com/video/D9292A93424347D59BEA8E4C96E28E1B/dodge-caliber-2010-edmonton.aspx

http://www.dailymotion.com/video/xebbtc_dodge-caliber-2010-edmonton_auto

http://www.livevideo.com/video/251ABA35D7B04B42B7A00CBEDA16FDEB/edmonton-dodge-caravan-2010.aspx

http://www.livevideo.com/video/251ABA35D7B04B42B7A00CBEDA16FDEB/edmonton-dodge-caravan-2010.aspx

http://www.metacafe.com/watch/5017180/edmonton_dodge_caravan_2010/

http://www.metacafe.com/watch/5013531/edmonton_alberta_dodge_viper_2010/

http://www.dailymotion.com/video/xeb9yu_edmonton-dodge-caravan-2010_auto

http://www.metacafe.com/watch/5017864/dodge_avenger_2010_edmonton/

http://www.dailymotion.com/video/xebb9i_dodge-charger-srt8-edmonton_auto

Nepon Auto people before Profit

http://www.neponauto.com/

Savvy Shopper: Auto Dealers Skirt Financial Reform — Where Does That Leave You?

savvy shopper.jpg

When President Obama signed the Financial Reform Bill this week, it was missing one key component: increased oversight of auto loans. Obama and some lawmakers had wanted new restrictions on dealers making auto loans by placing them under the scrutiny of the new Bureau of Consumer Financial Protection. After some spirited lobbying by the dealers, auto loans were exempted, even though the bill will more tightly rein in powerful Wall Street lending practices.

Critics had argued that the bill’s auto-dealer provisions would only hurt those it was meant to protect, and maintained that the market is self-regulating. Proponents said that the little guy needed protection against lenders who mark up interest rates and include bogus fees. So where does it leave you, the car buyer?

First, a little background. Most car shoppers focus on the upfront negotiations with a car salesman. But the real terms of the contract are hammered out in the finance and insurance office after a temporary deal has been reached. The finance and insurance manager (also known as the “F&I guy”) posses as a friendly advisor as he or she arranges the loan and attempts to sell additional products and services.

What makes this system so effective is that dealers have access to money from the “captive” finance companies, which are set up to loan money for only one purpose — sell cars. In most cases, the interest rate from the captives is less than from banks and other lenders. So most car shoppers are driven into the dealership system — a system that has been honed over decades.

So while car dealers may be casting themselves as merchants on Main Street, rather than the slick fat cats of Wall Street, sleight of hand may going on in the F&I office. In Confessions of a Auto Finance Manager, veteran F&I manager Nick James talked about how the salesman pressured customers to agree to high monthly payments. Then, the finance manager would “pack payments” — filling the contract with warranties and extra products and services to justify the high costs. In some cases, the customers didn’t even know they were buying these extras.

Is this a system that would have benefited from oversight and regulation? First of all, it should be noted that more than $250 billion in loans per year are written by dealers, so there obviously is a lot of money at stake. The fact that car dealers lobbied vigorously to avoid regulation is another tipoff that something may be going on in the F&I room that would be curbed if reform were allowed.

The best advice we can give to car shoppers is to realize that dealers won an important round in Washington, and it’s back to business as usual for them. If you’re buying a car, the key is to educate yourself about the auto financing process. “Buyer beware” is the car-buyer’s battle cry.

http://blogs.edmunds.com/strategies/2010/07/savvy-shopper-auto-dealers-skirt-financial-reform—-where-does-that-leave-you.html

Edmonton 2010 Dodge Ram quad cab


Fort McMurray Alberta Dodge Ram crew cab Online

Nepon Auto people before profit

Vancouver BC 2010 Equinox