Car dealers are at risk of having their dealership licenses revoked at a result of the bankrupty (or impending bankruptcy) of the Chrysler, GM and possibly Ford.
JMO: this scenario could create the same "perfect storm" that exists in the real estate market. 1. excess inventory 2. motivated seller 3. historically low interest rates 4. expansion of credit terms. I will continue to follow this closely as many of these dealers could have their inventories "repossessed" by their OWN creditors that would be looking to sell the cars quickly before newer models hit the market.
Subscribe to:
Post Comments (Atom)
No comments:
Post a Comment