Tuesday, October 02, 2007
Car sales to be hit by financial market turmoil
Current turmoil in the financial markets is expected to hit car sales in a few months, according to the managing director of IM Group, Andrew Edmiston.
The boss of the Subaru, Daihatsu and Isuzu importer said some carbuyers were going to find it much harder to finance purchases as lenders made more cautious decisions.
He believes there could be a strong divide between better off older buyers who finance their own purchases and younger buyers who rely on finance companies to borrow funds.
DATED: 02.10.07
FEED: MT
