"Part of the problem, as we all know, was the captives subsidizing sales with overblown residuals resulting in losses at lease-end. Hopefully, realistic residuals, rates and terms will make this a good situation for all."
"Marcie, probably states without manufactures will follow suit....hopefully. States with manufactures will most likely not have the intestinal fortitude to enact and enforce franchise law to protect dealers."
"Even in the worse case, dealers are outperforming the manufactures and the banks. Both which are largely responsible for many dealers struggles. Withdrawal of floorplans, warranty and incentive audits, withdrawal of commercial lines of credit, and…"
It is my hope that 2010 ends well for you, your organization and our industry. I would like to introduce you to my company, GripFin, Inc., which provides advisory and investment services to auto portfolio buyers and sellers of all sizes and credit spectrums. I would appreciate your visiting my profile and inviting me to become your friend. Thanks, Glenn Gottfried, CEO, GripFin, Inc.