Dealer Credit Gauge on Empty


Despite a program by the Small Business Administration to pump funds into credit facilities for car dealers, CNN reported yesterday that few banks are taking the hint… just one, in fact.

Following on the heels of the cash tied up in the C. A. R. S. (Cash for Clunkers) program, this means serious troubles for new car buyers. With less money available for replacing inventory and a new model year rolling out, there could be a lot of empty spaces on the car lot.

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