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Non-Tech : Kirk's Market Thoughts
COHR 153.89-3.4%3:27 PM EST
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To: robert b furman who wrote (2118)10/16/2014 9:58:42 AM
From: Kirk ©  Read Replies (2) of 26438
 
I heard in interesting story just before the market cracked that said consumers were taking on more auto loan debt with poor terms than was a good idea in order to keep the payments at $500 or less. It sounded like talk/worry of another bubble.
J.D. Power & Associates forecasts U.S. auto dealership sales will reach a record high of 13.83M units next year to edge past the previous high mark in the industry of 13.80M units set in 2004. The estimate doesn't include fleet sales which could place the sales mark over 17M units. The research firm notes pricing has held up in the industry with lower interest rates and longer loan terms providing support for automakers. The Big Three - Ford (NYSE: F), General Motors (NYSE: GM), and Fiat Chrysler Automotive (NYSE: FCAU) - expect to see market share gains over foreign automakers on the back of new model introductions.

What I didn't hear discussed was how much savings in gasoline offset the loan payments. I'd love to hear what the average monthly savings on gasoline people are seeing from buying a new vehicle.
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