And while we heard all about Ford Motor Company (NYSE:F) and General Motors Company (NYSE:GM) and their banner years, there wasn’t a lot press talking up what I consider the top automakers on the planet right now – Tata Motors Limited (ADR) (NYSE:TTM), Toyota Motor Corp (NYSE:TM) and Fiat Chrysler Automobiles NV (NYSE:FCAU).
There’s great expectation that cheap oil and low interest rates will be a boon for global demand for cars and trucks. Plus, dealerships are offering seven-year loans to help consumers leverage up the luxury while keeping monthly payments reasonable.
The loans seem to be paying off. Americans’ average new-car loan payment hit a record $482 in Q4 2014, according to Experian Automotive. (more)
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