To Buy or Not To Buy? The Economy’s Affect on the Car Business.

In lieu on the recent events on television I have taken upon myself to write a blog on how today’s economy is affecting the car business.  The recent state of the economy has brought hard times to salesman from all genre’s. Whether you sale cars or sale cigarette’s the ecomy has affected your income in some shape, form, or fashion. Being in the car business myself I have noticed that rumors of recession and plummeting stock markets have seemed to affect the business of selling cars the most. The Bush Administration having played a major roll in this recent downfall, they are not totally to blame. One would have to travel back in time 8 years to the end of the Clinton Administration to see the start of the this downward spiral begin.
Well I am not here to explain economics 101, so I will leave my thoughts on the Clinton and Bush Administrations to another blog. I guess what I trying to say is the car salesman is having it hard too! When I first got into the business some 8 years ago I started as a Floor Salesman and worked my way up into the position that I am in now which is Internet Manager. When I first started, normal traffic per day to the lot varied from 20 to 40 customers a day and 60 on Saturday. Today lot traffic has drastically decreased from 10 customers a day M-F to 30 customers a day on Saturday. Now I know that you are probably saying the internet has alo to do with this, and you know what you are correct, but you should still have a ample amount of floor traffic to you dealership in the form of service and previous buyers. 
To answer the question, To Buy or Not to Buy? My answer is to first shop the internet, then decide on the car that will best fit your budget, do not over extend yourself! This will only lead to the economy to continue this spiral into another crash! Once you have figured out the vehicle that best fits your budget, research current APR rates! The feds seem to be finally taking the hint and lowering rates, rates will soon be the lowest in years so take advantage! Once you have finished all your research contact your local Internet Sales Manager or Fleet Manager and get the best price, because they will always give you the best deal and buy the vehicle! Help the economy!
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