Grandma Bought a Car Last Week
And I just listened to CNBC suggest that one of the reasons was an inability to arrange loans to customers. I went shopping and there were not extra car salesmen as compared to shoppers, at any of the different brands we shopped, on a Thursday. We settled down with a dealer (A story in itself available to all on the buying and maintaining a car board) and retired, fixed income, Grandma had no trouble getting a loan at 7.5% which we turned down and paid cash instead. On the wall inside the finance persons office was a big erasable board upon which he kept his schedule of appointments. Including Grandma, there were three appointments scheduled among 112 open half hour blocks of time. He did not have appointments for 30 people he had to turn down. At the most he had two. Now clearly cars are not selling, but I am doubting credit is the issue. We did not show up on Fords sales statistics by the way. We bought a one year old Focus.