Quote:
Originally Posted by addy85
We'll my dealership is still selling 70-80 new cars a month compared to some VW, Mazda, and Ford stores who are only breaking 40-50 a month, which anything under 100 is still pretty damn alarming  |
a lot of it doesn't have to do with the fact that people don't want to buy cars, the credit markets really are frozen right now. until there is a little more liquidity in the credit markets, sales across the board will continue to suffer. whether or not the bailout will help is still to be determined, although i think it's a necessary start.
check this out, paulson is talking about backing up the consumer credit markets, like credit cards and auto loans. if that happens, it should help out the big 3 pretty significantly, allowing them to lend again. (i'll say significantly with a grain of salt, in the end it's up to the american consumer.)