This Is An Actual Conversation With A Car Dealer — And It Shows How The Industry Is Juicing Sales - Yahoo Finance
This is actually a pretty enlightening article about a back and forth conversation between Adam Jonas and his cousin "Chuck" who owns a car dealership which really gives some insight into new car market and some of the things they are doing right now on auto loans. It is kinda scary the position that people are putting themselves in and if we are not careful we will see another credit crash because of people just getting crazy loans that they can't really afford.
It is also interesting to see that while the appetite for new cars are there it isn't really seeming to grow like they were expecting it to.
This is actually a pretty enlightening article about a back and forth conversation between Adam Jonas and his cousin "Chuck" who owns a car dealership which really gives some insight into new car market and some of the things they are doing right now on auto loans. It is kinda scary the position that people are putting themselves in and if we are not careful we will see another credit crash because of people just getting crazy loans that they can't really afford.
It is also interesting to see that while the appetite for new cars are there it isn't really seeming to grow like they were expecting it to.