Anonymous
Anonymous asked in Business & FinanceInvesting · 4 weeks ago

are car dealerships having a hard time right now? why a major , long time car dealership in my area sold off to someone else?

Update:

why they are having a hard time? the interest rates are very low right now?

2 Answers

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  • 4 weeks ago
    Favorite Answer

    Yes. 

    1) Because of unemployment, there are fewer buyers who can qualify for car loans.

    2) Because of working remotely, workers are doing less driving, so fewer of them need to buy new cars.

  • Anonymous
    4 weeks ago

    yes car dealerships are having a hard time right now, I know someone who works in a dealership and he has only sold 3 cars

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