Auto Loans Site Sees Loan Requests Increase As Interest Rates Remain Low

Aug. 11, 2011 - PRLog -- AutoLoans.com, a popular web destination for no-cost quotes on auto financing, reports an increase in traffic during the first quarter of this year, corresponding with a concomitant five-percent rise in auto loans during the same time. Auto loans, according to recent industry statistics, posted the highest growth of all consumer loans during the first quarter.

“Almost always, the ebbs and flows in our site traffic correspond with what is going on with the auto loan industry as a whole. Not surprisingly, the first quarter of 2011 was an especially good one for car loans, which helps explain the significant growth we’ve seen in visitor traffic for the first part of this year. Lenders are more generous now, consumers are less wary, and the result is a much more robust climate for auto financing,” explained Mick Ronson, spokesman for Auto Loans.

Although official data for the second quarter are not available yet, analysts predict that the numbers will be even more optimistic. Auto Loans has already reported that the increase in visitor traffic has continued uninterrupted for the rest of 2011 to date. The trend should persist through the end of the year if the economy continues to recover.

“The great thing about our site is that once consumers get wind of the positive outlook for auto loans, they can visit us to explore their options without having to make any formal commitments or big decisions. Our quotes are free and none of our lenders attach obligations to them, and the end result is a welcoming, non-threatening environment where interested visitors can become satisfied borrowers,” said Mr. Ronson.

For more information, please visit http://www.autoloans.com.