March 19, 2008
DETROIT --- General Motors Corp. is recalling more than 207,500 Buick and Pontiac vehicles because of an engine defect that could cause oil leaks and trigger fires, Reuters reported.
Tags: Buick recall, GM recall, Pontiac recall
Sponsored Links
Flexible & Powerful Fleet Software Chevin fleet management software - Where flexibility comes standard. Solutions for all types of vehicle and transport operations. Click Here.
By Mike Antich Fuel prices hit record highs. The cost of financing a fleet doubles. Used-vehicle values plummet. Dealers are unable to sell the vehicles they have in inventory. Geopolitically, the U.S. is embroiled in war and the macro-economy teeters on recession. If you think I'm talking about 2008, think again. The year was 1973.
By Mike Antich October was an extremely difficult month to remarket vehicles in the wholesale market as resale prices took a precipitous drop. Wholesale pricing, based on mixed mileage and seasonally adjusted, declined a record 6 percent in October. The lack of credit to both dealers and retail buyers has been the key catalyst contributing to the downturn in the wholesale market. The market forecast is gloomy until the credit gridlock is resolved.
By Mike Antich
$10.00
In This Issue: Marketing & Sales, Legal, Near & Subprime, Buy-Here, Pay Here and much more…