Most analysts automotive industry knew him closely, higher interest rates for new cars, in fact, most consumers in the market of new cars will probably also considered it. Fallout subprime hit U.S. auto industry and auto loan rates just went up. Are you worried? Well if you are in the automotive industry or even on the market after the automotive industry, then you know this is really serious for your business or livelihood.

If you have a high credit score and a gold credit then it can not be so bad, but the truth is that most American consumers have stains on their credit reports, whether they or the Identity Theft a crime. If your credit is not perfect, and you think you want to get a good rate or a good deal on a loan – think again.

In fact, for not very large credit people you can find difficult to get credit at all. What does this mean for car dealers? But one industry analysts said that sales for 2007 were 16.5 million cars sold, but now most of its revision to 15,9 to 16,1 million vehicles. This is a huge difference in the amount of 400000 to 600000 fewer cars. That means layoffs, plant slowly declines and less profit. This will hurt the industry.

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