Quote:
Originally Posted by onewhippedpuppy
If I recall correctly, May was the best month ever for Honda sales. Also the first month that the F150 fell off of the top of the sales charts, replaced by the Civic. Nissan killed off the Titan, and is using much of it's Armada capacity to build small cars. Chrysler is reported going to be filing for bankruptcy protection, and Cerebus is supposedly considering selling or breaking up the company. Meanwhile, makers can't keep small cars on the lots, and theres a shortage of hybrids. Basically, our spending habits have shifted in a big way, it's not doom and gloom.
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Didn't Cerebus also buy 51% of GMAC? They are going to get their asses handed to them when all those SUVs come off lease with resale values way less than the residual value that was calculated 2-4 years ago.