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Strategies & Market Trends : Quarter to Quarter Aggressive Growth Stocks -- Ignore unavailable to you. Want to Upgrade?

To: Frederick Langford who wrote (3979)	8/4/2002 10:55:04 PM
From: Jack Hartmann	Respond to of 6932

I got to talk with some veteran auto mechanics this weekend. In IL, one points out that Sundays want ads had only ONE auto mechanic wanted in Peoria. This is a 100K metro area. Apparently they feel GM is dumping autos at low financing because the dealer lots are full (true in my town). This is impacting the used auto market, because he showed me that $16.77 in payments for $1000 financing. He showed me that is was possible to get a Cavellier for under $200 a month. He felt that the used car market is for people that can't get the 0% APR financing. He mentions that the cars are built better and dealers are laying off mechanics. Also he said the auto parts companies are getting less orders due to quality improvements and less demand. People are dumping cars at the last moment and not fixing them. He said the trend will be a glut of used autos which will drive them down. Scary view of the sector. Add rising unemployment and the sector will stall in the winter. Jack