Quote:
Originally Posted by BigAls87Z28
GM isnt failing because they cant sell cars. People cant get credit to buy cars. NO ONE is buying cars. I dont know if you look around, but even the Big Japanese 3 are hurting in America. There is a field of imported vehicles sitting on the docks in Long Beach.
|
That's definitely true. When we were looking at cars last month we stopped at a big GM dealership on Rt. 46 and based on their size and inventory, I'm guessing they used to do about 100-130 cars a month. When we were there at the end of last month, the entire dealership had only sold 8 cars. EIGHT! The salesperson told us that because of the economy and the banks, all leases were canceled through GMAC, and if you wanted to finance, you better have perfect credit and 1/3 down. So the banks are also to blame in all of this. People can't buy cars if they can't get loans.