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

To: Patricia Trinchero who wrote (173748)12/26/2008 4:57:44 PM
From: tejekRead Replies (1) | Respond to of 306849
 
Car sales jumped recently. The numbers are no where near previous years but people have started to buy domestics again.

One local dealer sold 14 cars in the last week which is miraculous, given the time of year which is usually very slow for car sales.

I heard that too....all anecdotal of course. It seems financing is available as well.



To: Patricia Trinchero who wrote (173748)12/26/2008 6:39:28 PM
From: Live2SailRead Replies (2) | Respond to of 306849
 
As I mentioned before, car prices (especially used) have been destroyed. Many deals to be had before the new year, I'm sure. I'm drooling, but I have enough auto.



To: Patricia Trinchero who wrote (173748)12/27/2008 7:50:29 PM
From: energyplayRead Replies (2) | Respond to of 306849
 
Watching TV across a number of channels last night, over 60% of the commercials were for cars or trucks - many promoting BIG price cuts, cash back at low finance rates (as much as $6000!), zero or near zero percent financing, XXX thousand off MSRP, etc.

I assume the manufacturers are reimbursing the dealers to some degree for these discounts in order to "share the pain"


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