{"id":2769,"date":"2011-11-16T16:31:17","date_gmt":"2011-11-16T16:31:17","guid":{"rendered":"http:\/\/blog.njstateauto.com\/auto-loans-financing-news\/consumer-credit-on-the-rise-thanks-to-auto-sales\/"},"modified":"2011-11-16T16:31:17","modified_gmt":"2011-11-16T16:31:17","slug":"consumer-credit-on-the-rise-thanks-to-auto-sales","status":"publish","type":"post","link":"https:\/\/www.njstateauto.com\/blog\/consumer-credit-on-the-rise-thanks-to-auto-sales\/","title":{"rendered":"Consumer credit on the rise thanks to auto sales"},"content":{"rendered":"<p>The unemployment rate may be holding steady at around 9 percent, but that has not stopped consumers from borrowing money to make purchases. Analysts found a $7.4 billion jump in consumer credit in September, a figure reached thanks in large part to a growing number of people are purchasing cars, Bloomberg reports.<\/p>\n<p>Auto sales were particularly robust for American manufacturers. General Motors reported 1.7 percent higher sales in October compared to the same time last year and <a href=\"http:\/\/www.njstateauto.com\/preowned\/index.cfm?make=Ford\" class=\"dnautolink\">Ford<\/a> saw a 6.2 percent jump. However, it was <a href=\"http:\/\/www.njstateauto.com\/preowned\/index.cfm?make=Chrysler\" class=\"dnautolink\">Chrysler<\/a> that stood above the rest with a 27 percent increase.<\/p>\n<p>&quot;The evidence of September and October is that there is a strong foundation in the U.S.-based automobile industry,&quot; Ken Czubay, Ford&#8217;s U.S. sales chief, told the news source. &quot;Consumers are just saying it&#039;s time to get a new vehicle. We&#8217;re seeing that more and more every day from our dealers.&quot;<\/p>\n<p>The fact that more consumers are buying cars may be indicative of a change in attitude toward taking out a loan. Over the last several years, some people may have been hesitant due to the stagnant economy, but the recent behavior may be reason to be optimistic.<\/p>\n<p>If you&#039;re considering being among those making an automobile purchase but are unsure if you can get a loan due to your credit history, <a href=\"http:\/\/www.njstateauto.com\" class=\"dnautolink\">New Jersey State Auto<\/a> Auction is your best bet. Everyone who comes to the dealer is guaranteed credit approval regardless of whether or not they have bad credit history or none at all.<\/p>\n<p>Additionally, buying a car can be a great way for people with poor credit history to improve upon it. By getting a loan and paying it on time, you can go a long way to building your credit back up. Furthermore, New Jersey Auto has plenty of reliable makes and models to choose from so you can be confident in your choice. &nbsp;<\/p>\n","protected":false},"excerpt":{"rendered":"<p>The unemployment rate may be holding steady at around 9 percent, but that has not stopped consumers from borrowing money to make purchases. Analysts found a $7.4 billion jump in consumer credit in September, a figure reached thanks in large part to a growing number of people are purchasing cars, Bloomberg reports. Auto sales were [&hellip;]<\/p>\n","protected":false},"author":4,"featured_media":0,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":[],"categories":[6],"tags":[],"yoast_head":"<!-- This site is optimized with the Yoast SEO plugin v16.1.1 - https:\/\/yoast.com\/wordpress\/plugins\/seo\/ -->\n<title>Consumer credit on the rise thanks to auto sales<\/title>\n<link rel=\"canonical\" href=\"https:\/\/www.njstateauto.com\/blog\/consumer-credit-on-the-rise-thanks-to-auto-sales\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"Consumer credit on the rise thanks to auto sales\" \/>\n<meta property=\"og:description\" content=\"The unemployment rate may be holding steady at around 9 percent, but that has not stopped consumers from borrowing money to make purchases. Analysts found a $7.4 billion jump in consumer credit in September, a figure reached thanks in large part to a growing number of people are purchasing cars, Bloomberg reports. 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