Off-lease glut? That ain't the problem

A glut of vehicles is threatening the industry's good times. But contrary to the predictions and pundits, it's not too many used vehicles. It's too many new ones.


Wall Street hands automakers another problem, in the loan market

With both bad loans and interest rates rising, lenders are becoming more selective in doling out credit for new-vehicle purchases, adding to the pressure for automakers already facing sliding U.S. sales, swelling inventories and a used-car glut.


Bad ethics come from factory, too

The tactics often employed to bully dealers to participate in manufacturers' mostly self-serving, revenue-enhancing programs are why state franchise laws are in place.

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