I have been wondering what with the bail out and executives now prepared to work for a dollar a year... running a jet will get hard for them.
But I liked this I read today.........
"""The problem is finance. “We have plenty of customers—what we don’t have is financing available to meet their needs,” Mike Jackson, chief executive of AutoNation, a leading car-dealer chain, told CNBC this week. He reckons that tighter credit and limits on finance for leases have cost his firm a fifth of its sales this year."""
Is that a clever observation or what.... I want a big scope, a expensive astro camera and a beach house and a plane... and I have the same problem... but I am content that there are some things I dont have money for... my solution is more complex than their..if you dont have the money you are not a customer...
What an observation...
Mate if your customers dont have money you need to find a business where the people have cash...
So on that basis I guess we will get a similar problem to prime loans as surely the government over there must now demand of banks they lend money to people to buy cars they can not afford.
Anyways it got me thinking... how to fix the car industry...
Maybe if they made the 2008 model still available without an update thru to 2028 cars will get relatively cheaper and more folk can buy.
but most interesting of all they used the word "reckons" I thought that was my exclusive property.
alex
