Quote:
Originally Posted by sstevojr
Also, with the all the repo-ed/foreclosed/jacked property from the economy going to hell, credit ratings have plummeted. Dealerships have been having a difficult time getting Tier 1/2 Credit Applicants, as such most people can only get financed on the secondary market (even for "old" models with 0 miles but 1 year old, ala 2011's). This has added to the artificial inflation in the used car market
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omfg when I sold cars, I wouldn't have known Tier1/2 credit ratings existed if I wasn't Tier1 myself. it drove me nuts when T4/5 people would come in expecting to buy an Evo with nothing down
(and even with a limited budget on monthly payments)
but the used car market has been awful and plummetting for me. Manufacturers are putting so much into incentives now that it was way too easy to swap customers. as for older cars (as in not lightly used) with lower prices, the only people that seemed to be interested in them were never in a position to buy because of the economy. I went from selling 15 used cars a month to 3 by the time I left the dealership (but my new car sales covered more than that)