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There are many options for individuals looking for deals on cars today. Finding repossessed car auctions can give you an opportunity to save a lot of money on a newer model car that is in terrific shape. Many of the cars at these auctions have been turned in by their owners because of a financial setback or serious incident that has made it impossible for them to make their vehicle payments.

In the past car auctions were limited. There were auctions held for dealers where the newer model cars were often sold. When a car made it to the public auction, it was not in the shape that would meet the needs of most people. However, with over 1. 6 million vehicles repossessed in the past year, the public car auctions are offering a great variety of vehicles to bidders.

Banks, credit unions, and lenders repossess cars when the owners cannot make their payments. In many cases the cars are late model vehicles that have not been driven more than a few thousand miles. The lenders must recoup as much money on the loan as possible and find that the fastest way to accomplish this is through auctioning the car off. Continue reading ‘Repossessed Car Auctions – Giving You All the Facts’ »

Volvo is heading east to China after owner Ford announced that Geely won pole position in buying the struggling manufacturer.

Ford said that despite some work yet to do, the deal is likely to be finalised in the spring. Now the green light has been given, the future of Volvo and the launch of promising upcoming models such as the S60 should ‘fingers crossed’ be secure.

Following the well executed sale of Jaguar, Land Rover and Aston Martin, Volvo is the last of Ford’s Premier Automotive Group brands to move on. Despite the sad move across the world, the sale to Geely will give them a vital foothold in the European market and while some believe china at only good at inventing chopsticks and fireworks, the move will greatly benefit the Chinese firm as Volvo’s research and development expertise and engineering skills will be a huge advantage, as its main interests are in improved quality and safety. In their defence the Chinese are already renowned for their safety in cars, therefore for Volvo to move over; it’s a very wise move and i have no doubt that this will be a positive and successful transition, moving Volvo forward to hopefully drive sales and generate a generous return on investment, after years of wallowing in a floundering business. Continue reading ‘Ford Sells Volvo to China’ »