After the recession many new cars are being introduced in U.S. market. With the outlook that money is flowing and consumer have purchasing power, thanks to the recovery of economic slowdown and some intelligent policies. People are going out there and buying their dream car, not only car but an American car. Yes, An Associated Press-GfK Poll shows that 38 percent favor U.S. vehicles while 33 percent prefer Asian brands, a significant improvement for U.S. automakers compared to four years ago.

“With all that said, the General Motors product line, the Ford product line, have just really been producing hit after hit,” said Gill, citing the Chevrolet Malibu and Camaro as current hot sellers. He says his sales are up 30 percent so far this year.

These are interesting numbers which confirms that both manufacturers and consumers see more interest in auto sector. While it was a nightmare last year where auto giants like General Motors had to be revived from bankruptcy. Many other manufacturers were just saving their face and hanging on for the survival.

However, while many of the Americans who had already opt for loans before the recession had a bad time managing their finances. Recently, Obama has introduced scheme to save homes under loan modification program. American should also be aware that auto loan can also be modified; to repay these huge payments.

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