3 ms·
It depends on what segment of the car buying populace you're looking at. I work in the used car sale industry, and our business has been pretty flat over the pa
by iamatworknow 6y ago
It depends on what segment of the car buying populace you're looking at. I work in the used car sale industry, and our business has been pretty flat over the past couple months. The companies I work with typically do the no credit check "buy here pay here" subprime financing thing. Defaults and repossessions have always been common in that segment, and the typical customer is working a job that has been part of the essential group (a lot of lower paid food/service work).
Those with good credit and a reliable if not older working car probably aren't buying cars much right now, but these people definitely are.