We have already taken a look at the huge drop in year over year unit sales in autos, but month over month unit sales tell a different story. Saturn, GMC, Buick, Pontiac, Hummer, and Chevy round out the biggest drops. Why? A lack of financing. Per the Associated Press:
Neff said a key factor in the GM slump was that its finance arm, GMAC, majority owned by Cerberus (which owns Chrysler) "decreed it would only lend money to buyers with a credit score above 700, which effectively wiped out in-house financing for the majority of GM customers."
Source: Auto Blog
What is the point of this blog? 1 Sentence you wrote yourself and another copied from another website hardly qualifies for "content"
ReplyDeleteyou're forgetting them most important part of this post and blog... the lovely chart(s). the part about 1 sentence of my own and another copied from another website is some great / deep analysis. mind if i write a sentence and post that?
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ReplyDeletenot sure if that comment was insulting kieran or me... apparently, i have a lot to learn.
ReplyDeletedon't listen to the haters, jake
ReplyDeleteTime for the car manufacturers to Wake Up! Production of electric cars should begin immediately. I would buy a reasonably priced car like the Tesla that gets 200 miles to the charge and charges in ten minutes. Heck, it takes ten minutes to get gas.
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