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The Canadian Car of the Year Awards (selected by the Automobile Journalists Association of Canada) gave the ES 350 its Best New Luxury Car (under $50k) Award in 2007. [72] J.D. Power and Associates named the ES 300 the best entry luxury car in Initial Quality in 1996, 1998, 2000, 2001, 2003 and 2006. [157] [158] [159]
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As banks began to give out more loans to potential home owners, housing prices began to rise. Lax lending standards and rising real estate prices also contributed to the real estate bubble. Loans of various types (e.g., mortgage, credit card, and auto) were easy to obtain and consumers assumed an unprecedented debt load. [253] [222] [254]