AutoNation CEO sees tightening credit for Retail Auto Loan

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In a rather pessimistic outlook, AutoNation's CEO Mike Jackson indicated that he feels the credit market for retail auto loans will continue to tighten - especially in light of today's action on Wall Street with the failure of Lehman Brothers.

Mr. Jackson further indicated that credit availability is the number one issue impacting the industry today and that he does not see a recovery in retail car sales until home prices stabilize and credit availability improves.

Here's a link to the news report: http://www.reuters.com/article/bonds...23425820080915

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I just read a story in Automotive News that indicated that Chrysler Dealers cite the tight credit market for retail auto loans as their #1 concern.

I wonder if this is a reflection on the problems at Chrysler Finance or whether this opinion is shared by most dealers?