RE:RE:RE:Margins.....Some people seem to have forgotten what happened in this industry in prior downturns... Without bailouts GM and Chrysler would no longer exist... Car sales have recovered over the past couple years because of unbridled credit... Anybody that can sign on the bottom line of the contract can walk away with a new car... The dealerships are doing well on used cars because they provide financing... Try to sell your used car directly... You won't be able too because most interested people can't get the financing outside the dealers loop because they wouldn't qualify... If you think this will go on forever, go ahead and ignore risks and cyclicality, I won't... When your cushion is a slim 3% profit margin, downturns can become ackward pretty fast... Valuation always has to be a consideration when making an investment... That's all...
orepass