The other shoes are dropping... - The BMW 8 Series (E31) Lounge

Dealers are starting to go under. Bill Heard, a big multi-store GM dealer, went bankrupt today. A lot of subprime, non-performing car loans forced GM to cut off their financing.

Expect record numbers to go belly up as customer credit tightens and their own credit lines and factory financing arms find it hard to get and extend credit from third parties. And luxury brands like BMW and Benz aren't exempt.

A lot of folks were worried about the "End of Oil" era. Folks, at least here in the U.S., we're at the "End of Credit" era.

It's gonna be brutal.

The other shoes are dropping... - Mark in SBA 2008-09-30 18:09:26 (116 views) (484 thread views)
- Hey, this ain't so bad... - Mark in SBA 2008-10-02 14:11:33 (81 views)
  - Tuition fees are crazy now-a-days. - Faisal In Laurel, MD ©⁴⁶ 2008-10-02 16:16:54 (63 views)
  - it's like a spending diet, and... - ladislav 2008-10-02 14:27:02 (64 views)
- Right on schedule (url) - Mark in SBA 2008-10-01 13:53:40 (97 views)
  - here's another one (url) - ladislav 2008-10-02 15:10:04 (72 views)
    - It's all George Bush's fault - Mark in SBA 2008-10-02 18:58:30 (83 views)
  - we should publish this ! its priceless ! 9 y/o but - Laszlo ©⁴⁴ 2008-10-01 15:57:38 (72 views)
    - Wait till you see more of him and his buddies'.. - TX Greg 2008-10-03 01:01:24 (60 views)
- BMW Bank just doubled my limit - Jim S in OKC ©⁶² 2008-09-30 23:03:12 (88 views)
  - Jim, you'll appreciate this (url) - Mark in SBA 2008-10-01 11:35:35 (101 views)
    - Gads! A good article from New York Times? - Jim S in OKC ©⁶² 2008-10-03 16:03:27 (55 views)