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Most Valuable Contributor |
Joined: Sat Sep 25, 2004 7:42 pm Posts: 4373 Location: Antioch, CA. 94509
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Yes, I have heard the car dealerships are in dire straits. I have a friend who is a new car salesman for Mazda. He says foot traffic is way down and getting financing is difficult to boot. He tells me folks want to trade they're gas guzzlers for an economy car but are upside down on the loans, owing more than the vehicles are worth. That prevents most from buying another car. We may see another "big three" bailout like we saw in the 80's. Airlines aren't doing very well either. All non necessary items are being hit hard. In my area, there is very little construction taking place. The construction industry has lost more jobs in CA than any other business or occupation, according to the latest gov. statistics. I'd retire now if I could.
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