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 Shocking news came from the Adi Daya State, United States (US). The car loan loan debt from Uncle Sam's country reached Rp 1.1 trillion US dollars (Rp 14,571 trillion). According to a report by a financial institution from the US auto market, Experience State, auto loans increased due to an increase in loans to prime buyers. Meanwhile, subprime or vehicle ownership credit packages continued to decline. Read Also :  Smart Automotive Tips to Save Money on Car Repairs in America Beginner’s Guide to Car Ownership in the United States Top Automotive Tips to Extend Your Car’s Lifespan in the USA Essential Car Maintenance Tips Every U.S. Driver Should Know BMW R 1250 GS vs Harley-Davidson Pan America 1250: Ultimate USA Adventure Bike Comparison (2026 Guide) Automotive News, Monday (9/18/2018), reported that many Americans prefer to minimize monthly payments. Therefore, they choose to adopt longer term loans than necessary. Heading into the third quarter, the US new vehicle loan...

Auto Loans Fuel Growth in U.S. Consumer Lending — Economic Signals and Risks May 31, 2022 — United States — Consumer loans in the United States showed signs of recovery in mid-2020, driven in large part by a rise in auto loan activity, according to data reported by the Federal Reserve . The increase reflects broader shifts in consumer borrowing behavior amid economic reopening and rising retail vehicle sales. ( AutoReviewUS ) Loan Growth Driven by Auto Financing In July 2020, total consumer loans reached $12.2 billion , up 3.6% from June , with car loans identified as a key contributor to this increase. Auto financing growth outpaced other consumer credit categories even as credit card balances continued to decline. ( AutoReviewUS ) The following table summarizes key consumer loan categories and their performance in July 2020: Consumer Loan Category Change in July 2020 Trend Auto Loans +3.6% Rising Student Loans Included in growth Moderate Credit Cards −$293 million Falling Source...

 The situation of countries in the world affected by Covid-19 has expanded to 183 countries, involving 1.275 million confirmed cases. Big countries such as the United States, Spain, Italy, Germany and France became the five countries with the largest cases as of April 6, 2020. Seeing the increasing spread of COVID-19 cases directly hit the automotive industry, especially in the production and sales sectors. Apart from that, several dealers from car brands have issued policies so that the automotive market does not stop with some gimmicks, such as a buy from home service, with a payment suspension of up to 90 days. The service is to accommodate those who stay at home, and implement social distancing. Manufacturers like General Motor offer zero percent interest plans for up to 84 months, with a deferral of payments of up to 120 days. Read Also :  Smart Automotive Tips to Save Money on Car Repairs in America Beginner’s Guide to Car Ownership in the United States Top Automoti...

 Four-wheeled vehicles seem to have become a priority for people in the United States. CNN reports that in recent years, Uncle Sam's citizens have been recorded to carry out large transaction activities, both for cars and trucks. However, they prefer to apply for a loan to have the vehicle of their dreams. A record was set with 107 million Americans in debt to buy a car, according to data released by the Federal Reserve Bank of New York. With this number, if the percentage is 43 percent of the total adult population in the United States. The loan is considered to have grown rapidly. In early 2012, only 80 million Americans had car loans. In fact, more Americans had home mortgages than car loans that year. But all that has changed. In fact, currently the number of loans is more for cars than houses. Car sales continued to grow into 2016, although recently the buying frenzy has slowly come to an end. However, it helps manufacturers with their track record of vehicle sales. Read A...

U.S. Consumer Loans Rise as Auto Lending Drives Growth By Azka Kamil – Financial Correspondent May 31, 2022 (Updated with current context) — Consumer borrowing in the United States climbed in mid-2020, with auto loans emerging as a key driver of growth in overall consumer credit. According to Federal Reserve data, total consumer loans reached $12.2 billion in July 2020 , up 3.6 % from June , with much of the increase attributed to lending for vehicle purchases. ( AutoReviewUS ) Auto financing has remained central to consumer credit trends, reflecting both demand for vehicles and broader household borrowing behavior. Consumer Loan Trends: What the Numbers Show Category Latest Figure Trend Source Consumer Loans (Jul 2020) $12.2 B +3.6 % MoM Federal Reserve / AutoReviewUS ( AutoReviewUS ) Auto Loan Originations (Feb 2025) 2.0 M loans Stable CFPB Auto Loan Data ( Consumer Financial Protection Bureau ) Auto Loan Dollar Volume (Feb 2025) $58.6 B +YoY CFPB Auto Loan Data ( Consumer Finan...

 Honda has confirmed that it will soon launch the 6th generation CR-V in the near future. This Japanese car manufacturer has tried to tempt consumers by releasing a teaser image of the SUV (Sport Utility Vehicle) through Honda's official United States (US) Instagram account. "Tough and ready for adventure. The All-New Honda CR-V 2023 features an advanced hybrid system for a versatile driving experience," wrote Honda AS in the caption column. Visual images displayed, the latest generation of CR-V has a fresher and more elegant design. The shape of the front sector looks similar to the Honda HR-V and also the BR-V, but this car looks more luxurious. Read Also :  Smart Automotive Tips to Save Money on Car Repairs in America Beginner’s Guide to Car Ownership in the United States Top Automotive Tips to Extend Your Car’s Lifespan in the USA Essential Car Maintenance Tips Every U.S. Driver Should Know BMW R 1250 GS vs Harley-Davidson Pan America 1250: Ultimate USA Adventure Bike...

 The era of electrified vehicles is starting to have prestige in Indonesia, this is evidenced by the variety of electric cars that are peddled by various brand holder agents (APM). A series of legal umbrellas and regulations made by the government regarding electric cars are also effective in stimulating consumer interest. However, not all manufacturers are immediately tempted to enter this segment. For example, PT Plaza Auto Mega (Plaza Subaru) confirmed that they are not currently interested in bringing in electrical products. However, Subaru Indonesia's Chief Operating Officer (COO), Arie Christopher, explained that although in the near future his party does not want to sell electric cars, a series of plans to go into electrification have been prepared. " Subaru Indonesia will definitely follow the trend, only if you want to sell hybrid and full-electric products, you must first prepare the infrastructure. And this preparation takes time," said Arie, recently. Fu...

 Five leading automotive brands in Indonesia are working together to popularize the use of electric vehicles in Indonesia. The five are Mitsubishi, Toyota, Nissan, Isuzu and Fuso which collaborate on the "EV Smart Mobility-Joint Project" and take place on the island of Bali. PT Mitsubishi Motors Krama Yudha Sales Indonesia (MMKSI) as the official distributor of Mitsubishi passenger and light commercial vehicles in Indonesia from Mitsubishi Motors Corporation (MMC) said this project also supports the Indonesian government in accelerating in reducing carbon emissions. In addition, it is also expected to expand the introduction and popularization of electric vehicles as one of the keys to future mobility. This event is also expected to support Indonesia's position as the host of the 2022 G20 which will be held on the Island of the Gods. Naoya Nakamura, President Director of PT MMKSI said that his party was very enthusiastic about participating in this collaborative proj...

 Integrated safety features are one of the newest offers for potential consumers in Indonesia. Some automotive brands emphasize driving safety to minimize the risk of accidents. Toyota is no exception. Toyota presents the Toyota Safety Sense (TSS) feature. This feature consists of several technologies, such as pre-collision system, dynamic radar cruise control, lane departure alert, automatic high beam, cross traffic alert, automatic high beam and blind spot monitor. Most recently, Toyota pinned TSS on the C-HR Hybrid. This SUV is priced at IDR 582.7 million for the non-premium color variant and IDR 584.2 million for the premium color variant. C-HR adds to the list of Toyota models with this advanced feature in Indonesia. Let's discuss which models have got the advanced safety features of TSS. Read Also :  Smart Automotive Tips to Save Money on Car Repairs in America Beginner’s Guide to Car Ownership in the United States Top Automotive Tips to Extend Your Car’s Lifespan in...

 Honda HR-V is sold in four variants, S, E, SE and RS. All are sold in CVT (Continuous Variable Transmission) automatic transmissions. The price starts from IDR 362.9 million to IDR 513.9 million The only RS variant with a turbo engine. This type is the most expensive and differs very far from the regular gasoline engine variant. Honda HR-V is the most expensive naturally aspirated petrol engine, Type SE. The Honda HR-V SE is sold for IDR 403.1 million or the difference is IDR 110 million more. That much difference is it worth it? Or maybe the SE variant is more than enough? It must be admitted, the performance of the Honda HR-V RS turbo engine is far superior to other versions with non-turbo engines. However, even though using an engine without the help of turbo induction, the difference in the price of Rp. 100 million is clear and cannot be ignored. Moreover, the difference in features and completeness is not so far away. Read Also :  Smart Automotive Tips to Save Money ...

 Toyota is reportedly preparing the Innova with hybrid electrification. This news emerged from India, after the leak of a new patent with the Innova Hycross brand. How did PT Toyota Motor Manufacturing Indonesia (TMMIN) respond? "I haven't seen the model yet, how can I comment on it," said Bob Azam, Director for Administration, Corporate & External Affairs, Technical Government Affairs PT TMMIN in Semarang, Central Java. Quoted by rushlane, Wednesday (27/5/2022), the news of Innova Hycross emerged after registering a new trademark in India. It is suspected that this name will be used for the new generation of Innova which is planned to be launched in early 2023. Read Also :  Smart Automotive Tips to Save Money on Car Repairs in America Beginner’s Guide to Car Ownership in the United States Top Automotive Tips to Extend Your Car’s Lifespan in the USA Essential Car Maintenance Tips Every U.S. Driver Should Know BMW R 1250 GS vs Harley-Davidson Pan America 1250: Ulti...

  Tesla Company (Thailand) Ltd., inaugurated their entry into the Thai automotive industry. This is indicated by the appearance of the name on the website of the Department of Business Development, Ministry of Commerce Thailand today (25/5). The initial investment value is stated to be only 3 million Baht or around IDR 1.2 trillion. Reported by The Thaiger, the main purpose of this investment is to sell electric cars or Electric Vehicles (EV) in the White Elephant Country market. Although it did not mention that it would build a battery factory or processing there, it did state that Tesla Company Ltd., would install and sell its energy distribution and storage systems as well. It looks like some things other than this car are charging device systems and not battery production. The Energy Storage System used in Thailand, was actually promised to Indonesia some time ago. However, the plan was cancelled, and instead was carried out in Thailand first. Does Tesla prefer Thailand o...

 Toyota Indonesia in collaboration with Diponegoro University (Undip) Semarang held a national seminar with the theme "100 Years of Indonesia Automotive Industry, Realizing Indonesia Net-Zero Emission". This seminar was held in commemoration of the 50th anniversary of Toyota Indonesia's existence until the next 50 years of contribution to the national automotive industry. This seminar activity is also part of the effort to support and realize the government's aspirations to achieve the future target of an Emission-Free Indonesia. "Hopefully this national seminar activity can become a forum for comprehensive discussions that help and support Indonesia's acceleration in achieving the Net Zero Emission target. This can certainly be realized through joint synergy between educational institutions, the younger generation, and industry, especially the national automotive industry," said Warih Andang Tjahjono. , President Director of PT Toyota Motor Manufac...

 Marking the revival of the Subaru car brand in Indonesia, PT Plaza Auto Mega or Plaza Subaru officially presents the Forester SUV. They also guarantee after sales service with a 3S dealer program (sales, service, and spare parts) in the Alam Sutera area, South Tangerang. For the domestic market, the first Subaru Forester product is presented in 2 different variants, namely the 2.0-i L and 2.0-i S EyeSight. Each is offered with a tag of Rp. 579.5 million and Rp. 659.5 million, which are already on the road (OTR) Jakarta. Chief Operating Officer (COO) of Subaru Indonesia, Arie Christopher, said that this year there will still be surprises for new products for consumers. But unfortunately he was reluctant to specify what specific models will be launched. Read Also :  Smart Automotive Tips to Save Money on Car Repairs in America Beginner’s Guide to Car Ownership in the United States Top Automotive Tips to Extend Your Car’s Lifespan in the USA Essential Car Maintenance Tips ...

 The 12th MotoGP series in Finland this year had to be postponed until 2023. The problem was triggered by several things, ranging from the unfinished homologation of the circuit track to the heated geopolitical tensions between Finland and Russia. Russia's tensions with Ukraine have indeed cut global supply chains because of a series of sanctions against Russia. Several countries have also taken policies, including Finland which is planning to join the North Atlantic Treaty Organization (NATO), this is something Russia is opposed to taking decisive steps to cut off gas supplies to Finland. With various considerations, the motorcycle racing regulatory body or FIM (Federation Internationale de Motocyclisme) decided to postpone the Finnish MotoGP race series this year. "The homologation work on the KymiRing, together with the risks posed by the ongoing geopolitical situation in the region, sadly requires the cancellation of the Finnish Grand Prix in 2022," MotoGP wrote o...

 PT Hyundai Motor Manufacturing (HMMI) views the important role of suppliers in terms of maintaining the quality of products made in Indonesia. The South Korean manufacturer held an R&D Level Up Training which was a continuation of the Indonesian Supplier R&D Improvement Program which had been held since 2021. This program is part of Hyundai Motor's contribution to further improve the quality of human resources from local supplier partners who supply Hyundai vehicle components. After going through the basic training stages in 2021 which are part of the selection process, this year's advanced training program will involve more than 80 participants from 20 suppliers, this program will be held from May to December 2022 at Hyundai Motor's Mobility Innovation Center. Read Also :  Smart Automotive Tips to Save Money on Car Repairs in America Beginner’s Guide to Car Ownership in the United States Top Automotive Tips to Extend Your Car’s Lifespan in the USA Essential Ca...

 The low cost green car segment or commonly known as LCGC is one of the segments that offers a variety of models. Present in Indonesia as one of the models targeted by the first car owners, LCGC is also one of the choices for millennials in the country thanks to the offer of features, models and of course competitive prices. One that plays here is Astra Daihatsu Ayla. This city car is one of the models that contributed to Daihatsu's top sales with a figure of 250 thousand units since its introduction in 2013. This achievement was strengthened by the results of retail sales in April 2022 as many as 6,891 units. This figure accounts for 11.1 percent of Daihatsu's total sales in April. "Daihatsu always tries to provide the best products according to the needs of the Indonesian people, especially young people through Astra Daihatsu Ayla. Various contemporary features are embedded, we believe Ayla can be the choice of millennials in providing vehicles that are stylish, ent...