Tuesday, January 22, 2008
Car dealers: credit crunch survival tips
Despite the squeeze of the credit crunch, there may be a glimmer of hope for dealers, according to industry analysts.
Research conducted by Mintel has estimated 9 per cent of the UK's 16.5m mortgage holders could be considered sub-prime by lenders – potentially bad news for the car market.
Motor industry finance analyst Graham Filmer said, however, that dealers can help themselves out of such looming crises by focusing on their own finance and insurance offers to consumers.
DATED: 22.01.08
FEED: MT
