Dynamic Motor Company – The Last Days

Draw your own conclusions, but ultimately one event Collapsed an entire company.  Finance Companies have too much power and control.  Illegal?  I think yes and I would love to know if this happened to other dealers across the country as well. To protect the identity of the finance company because I am looking into litigation, I will call this Finance company, Sea Funding. End of March I get a phone call from my Rep at…

Auto Sub-Prime Lenders Tighten Credit

During the past 4 months, Lenders have tightened so much it Cut off Circulation to the Auto Dealers! Dealer after dealer are closing their doors all across the country because sales have Dropped off a Cliff.  Many remaining are in Financial trouble. Lenders have started experiencing a ton of losses causing them to stop lending.  When we asked some dealers out there, they said that in this environment they are unable to get customers approved. …