gwinner

As Goes GM, So Goes U.S. Government Credit

My friend in the finance dept of a GM dealer has told me many stories of credit worthy individuals unable to secure loans in Q4 for vehicles they wanted to purchase. Read into that what you want but what I see is that among other thing, the rubber meets the road in this credit crisis in auto sales. Zero percent interest will help provided underwriting guidelines don't continue to kill deals. But, we'll see how much of a dent that will make because it is not the only factor in play in the auto's woes.