Great article on the Used Car Market

[XDCX]

I ran across this article about the current state of the used car market while surfing the Internet - It's a great read.

Here's the link: http://www.autoremarketing.com/ar/ne...y.html?id=8445

What I found most interesting is that New Car Dealers seem to be in the best position to weather the current storm.

The article indicates that Private Party sales are down over 13% because it is so difficult to find financing for used cars.

Used Car Independent Dealers are also impacted because they generally have fewer credit sources available to them compared to a New Car Dealership.

According to the report, 276 Used Car Independent Dealers went out of business in August - over 1,200 have closed since the beginning of the year.