LogFAQs > #913132102

I work in finance for a major American automobile company, here are my reasons.

1). The dealerships are separately owned and are obsolete and financial/logistical bottleneck for manufacturing company.

2). Cars are getting more expensive year by year. I think the average payment I review is around 300 and up. These new trucks you see on the road run up to 700 plus a month easily.

3). Wages have failed to increase with cost of living, which means debt load increases, which means your average credit score decreases. All this increases chances of repossessing the car which is bad lol. We call this sub prime paper and this is on the rise in the industry so you have the dealerships that need to move more metal to stay afloat but the banks cant also handle all this sub prime paper. In addition, we are handing out 0% interest rates on 500 credit scores right now.

4). They are still corporations which consists of a fortress of buearacracy and plenty of nepotism and good ole boyism going around. Theres much more, but I really do not want to type any more lol.
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https://www.youtube.com/watch?v=IdR2Iktffaw
The day Capitalism was humiliated :)