RE:Warning for the bulls...American's keep there cars 4-6 years Canadian 6-9 years.
I was recently looking at a new Honda the Honda fit $66 week over 84 months and the Honda Accord ex $128.91 week over 84 months. So what is this they won't go extended terms like the competitors? Honda has there own financing, others auto dealers use banks and they get a kick back for that and they do the paperwork. The banks approve a new loan in under ten seconds with a simple credit bureau score..... Car loans are a big money maker for them.
You have to wonder the motive of someone who posts three times a day!
I am watching this closely, we all know oil is going down and because they are West Canada heavy, this stock is out of favour. They report in March and may be buying more dealerships in the meantime, auto sales are up , it is only a mater of time.