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Strategies & Market Trends : The Residential Real Estate Crash Index -- Ignore unavailable to you. Want to Upgrade?

To: miraje who wrote (152863)	9/30/2008 9:55:56 PM
From: MulhollandDrive	Respond to of 306849

i'm sure the dealers were writing deals for the 'sub-prime' type of customer who was unable to make payments (sound familiar?).....why would any sane finance company NOT cut them off....the problem is they should have been cut off MUCH SOONER....it would have forced fiscal discipline and risk management

To: miraje who wrote (152863)	9/30/2008 10:10:13 PM
From: TheStockFairy	Respond to of 306849

when you have that much in sales and only have a .005% complaint rate, that adds up to a significant amount over time. say the average car is 20,000, so in 2 billion in revenue that's 50 cars per million, 5000 per hundred million, 50,000 per billion for a total of around 105,000 cars sold per year. Based on that, they are going to get a ton of consumer complaints.