2002 Chevrolet Impala Base Sedan 4-door 3.4l on 2040-cars
Oakdale, New York, United States
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Description: This 2002 Chevy Impala is offered as is, with no warranty expressed or implied. Items mentioned below are those that we are aware of at the time of the listing. It is equipped with a 3.4 Liter V6 engine and an electronic 4-spd automatic overdrive transmission. The vehicle is also equipped with 4 wheel independent suspension and 4 wheel disc antilock brakes. Remote keyless entry, AM/FM stereo with single CD player, dual elect remote side view mirrors, cruise control, dual zone A/C and power windows and door locks.
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Auto Services in New York
Vogel`s Collision ★★★★★
Vinnies Truck & Auto Service ★★★★★
Triangle Auto Repair ★★★★★
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Auto blog
Subprime financing on the rise in new car sales, leasing too
Fri, 07 Dec 2012We all remember the financial crisis that began several years back. At its core was a splurge of subprime lending for housing loans. The housing bubble burst, triggering a collapse of the mortgage-backed securities market. Apparently, those types of loans still exist in the automotive industry, and the market share for these types of "nonprime, subprime, and deep subprime," loans has grown 13.6 percent compared to the third quarter a year ago.
According to an Automotive News report, high-risk lending expanded to 24.8 percent of total loans in Q3, up from 21.9 percent for this time last year. As this level increased, average credit scores of borrowers dropped to 755, down from 763 a year ago. In that time, the average financing amount increased $90 per vehicle, to $25,963.
At 818, Volvo maintains the highest per-owner credit score, while Mitsubishi has the lowest, at 694. The highest rate of borrowers was at Toyota, with 14 percent of the market, followed by Ford with 13.1 percent and Chevrolet at 11.1.
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Speaking to Automotive News, Sam Pilato, the general manager at Dimmitt Chevrolet in Clearwater, FL, Silverados are "selling very poorly." W. Carrol Smith, the president of Monument Chevrolet in the heart of truck country, Texas, said, "[GM's] position is that the vehicle stands on its own and it doesn't need a bigger rebate. That's not what the market is telling us."
According to AN, that's the general attitude amongst Chevy and GMC dealers across the country, where the twin pickups are getting butchered in sales by competitors offering up to $9,000 off their sticker prices. Part of the problem for GM is that its trucks are arriving on the market near the end of the current F-150's lifecycle, a fact that Ford has taken advantage of.
Driven: 2020 BMW X7 M50i, M760i and M340i | Autoblog Podcast #623
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