The headlines in the news would suggest the automobile industry is back. Sales of new automobiles rose about eleven percent in 2010, and the first two month of 2011 are off to an even stronger start. Some say it is due to an improvement in the economy while others say that the increase in gas prices have prompted consumers to purchase more efficient automobiles. Whatever it is, those who are in the market for a new automobile will find it financially easier as well.

The increase of credit in almost every aspect of the economy is an important sign that the American economy is returning to health. Wall street loan packaging has allowed automakers to open up their wallets and start to give consumers loans more aggressively. Even car buyers with bad credit histories are getting financing, some without having to make a down payment. While nobody is suggesting that we are back to the days of the housing boom, the increase in credit is a sign that the American economy is gaining some health from the times where auto makers looked to the government for aid.