Join the hundreds of industry executives who have already taken advantage of our early bird pricing to guarantee their spot at the Auto Finance Summit. |
|
Registered Companies, include: |
Ally Financial Inc. To register visit www.AutoFinanceSummit.com or call 212-532-4612. |
Join the hundreds of industry executives who have already taken advantage of our early bird pricing to guarantee their spot at the Auto Finance Summit. |
|
Registered Companies, include: |
Ally Financial Inc. To register visit www.AutoFinanceSummit.com or call 212-532-4612. |
The Dallas Fed seems a bit hesitant to draw a link between CARS and the “improving” Dallas auto market. Let me take a stab. Any demand growth, such as it was, was pulled forwards by the government cash allowance and not by some organic need to buy a car at this time. I suppose this was the plan, but watch sales drop like your grade in college French come September and October when the incentives are exhausted.
Without going in the host of funding disasters connected to CARS, I think it is fair to say that CARS was a failure, unless we define success as the transfer of money from tax payers to bond holders, car dealers and auto customers, with no hope of long term economic improvement in our industry.