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Upside-down auto loans
Long-term auto loans and low down payments, coupled with falling values, are leaving some drivers "upside down" -- owing more than their vehicles are worth.

Used Auto Sales Flood the Market
CHARLES CITY, Iowa - In such an uncertain time for the auto industry, more people are deciding to buy used instead of new. We found a few people shopping for a used car in Charles City on Tuesday.

GM May Not Require Further U.S. Loans to Survive (Update4)
Jan. 7 (Bloomberg) -- General Motors Corp. said it has enough government loans to cover its worst-case forecast for U.S. auto sales and won’t need more if the economy holds up.

CarHop Acquires Auto Master Stores
SPRINGDALE -- Used car dealer Auto Master was recently acquired by Minnesota-based CarHop for slightly more than $4.72 million, according to a regulatory filing with the Securities and Exchange Commission.

Worldwide auto sales to worsen in '09, report says
The global auto industry will see a greater overall decline in sales in 2009 than it did in 2008, says a new report from Scotia Economics.

AIG’s Rebranded Auto Unit May Be Among First Sold (Update2)
Jan. 7 (Bloomberg) -- American International Group Inc., the insurer that renamed its U.S. auto business this week to prepare the operation for potential buyers, may find that unit among the easiest to sell, analysts said.

Local auto industry posts 6% growth for 2008 despite global economic slowdown (Business)
MANILA, Jan. 8 (PNA) -- Despite the global economic slowdown, the local auto industry managed to post yet another positive growth for 2008, with total vehicles sales posting a 6 percent increase to 124,449 units, according to the Chamber of Automotive Manufacturers of the Philippines Inc. (CAMPI).