Agent009 submitted on 8/11/2011 Auto Spies Photos Timestamp: 1:36:57 PM
Views : 6,022 | Category: Misc News | Source: | SOURCE: www.autonews.com
Most observers say the turmoil in the stock and other markets doesn’t directly affect car sales. What matters, they assert, is consumer confidence. If that holds steady, so will car sales. But bank confidence matters, too. So far this year, General Motors says 6.5 percent of its sales have been to subprime borrowers, above the industry’s 5.5 percent, thanks to accommodating financing partners GM Financial, Ally, USB and Wells Fargo.BimmerFest East 2011 Photo GalleryBMW i3 and i8 Concept Photo Gallery2012 Mercedes-Benz C63 AMG Coupe Black Series Photo GalleryFull 2011 Comicon Photo GalleryWaterfest 2011 Photo GallerySPIED! FIRST Look Next-Gen Ford Escape Photo GalleryAutoSpies.com Photo GalleriesIf you want to see your photos running on our homepage photo ticker, be sure to upload your photos on the go by sending them to Mobile@AutoSpies.com Share on FacebookRead Article
Most observers say the turmoil in the stock and other markets doesn’t directly affect car sales. What matters, they assert, is consumer confidence. If that holds steady, so will car sales.
But bank confidence matters, too.
So far this year, General Motors says 6.5 percent of its sales have been to subprime borrowers, above the industry’s 5.5 percent, thanks to accommodating financing partners GM Financial, Ally, USB and Wells Fargo.
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"Normal is an illusion. What's normal for the spider is chaos for the fly."— Agent009 (View Profile)
"Normal is an illusion. What's normal for the spider is chaos for the fly."
— Agent009 (View Profile)
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