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To: Box-By-The-Riviera™ who wrote (253721)8/2/2003 11:20:40 PM
From: sammaster  Read Replies (1) | Respond to of 436258
 
"Ballew said it appears that homeowners' refinancing their mortgages at low interest rates this year and freeing up cash to buy cars has been a factor in the sustained health of auto industry sales."

interesting comment from GM...they would know since most of their profits come from financing side...
refinance home with GMAC...cash out financing...then he takes you out back to the GM car lot to pick out a car with the new cash....