Low interest rates, easing of credit helps
You are never going to get a better price on a vehicle than you are right now, AutoNation CEO Mike Jackson told CNNMoney.com.
And people are buying it.
reports that “AutoNation, the country’s largest car dealer chain,
posted a profit for the first quarter of 2009 despite a 43% decline in
new vehicle sales, and said it expects to see improved sales in the
second half of the year.”
This coming off 2008, a year when a
staggering 900 auto dealerships went out of business. To put it in
perspective, a typical “good” year might see 75 to 90 dealers fold up.
The article also stated that AutoNation cut
its debt by about $500 million during the quarter and $1.25 billion
since Q1 last year.
AutoNation has 239 dealerships across the
country under various names. It sounds like now’s a great time to stop
by one of them and take Mr. Jackson up on that offer.