Quote:
Originally Posted by Ron61
Yes, it is and from the way that article reads it is likely to get much worse. The downgrading to junk really hurts. They need to take some of those big SUVs and Pickups they have stock piled and can't sell and melt them down and make some good cars out of them. I saw one dealer here is saying he won't take them for trade in any more as they can't get rid of them. And the drop in traffic on the freeway is unbelievable.
Ron
|
There are guys who are buying these SUVs/hummers/trucks for short money and exporting them for re-sale to countries that subsidize gas prices for their suffering masses (like Venezuela). They're making a bundle!!