Auto-Loan Rates at Record Lows Helps Drive Sales in U.S.

With car prices rising, more people are financing their purchases. This year through August, 59 percent of car buyers took out a loan, compared with 53 percent in 2007, according to J.D. Power. Leasing, which also becomes more affordable as the cost of money drops, grew to 21 percent of sales, up from 13 percent […]

Honda profits rise four-fold as recovery continues

Honda Motors has reported a four-fold increase in earnings during the first quarter as it continued to recover from last year’s natural disasters. Net profit was 131.7bn yen ($1.7bn; £1.1bn) in the April to June period, up from 31.7bn yen a year earlier. To continue reading this article, please go to http://www.bbc.co.uk/news/business-19059214 .

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Headquartered in Singapore, United Auto Company has been distributing and supplying genuine Japanese and OE quality auto parts for both gasoline and diesel engine automobiles around the world since 1944.