Crunch Time for Car Dealerships

Car dealerships heavily rely on credit and lack sufficient funds. Losing Capital One as a lender forces them to seek new lines of credit, which come with high interest rates. This makes it even more challenging for dealerships to hold inventory. High interest rates are designed to encourage quick car sales to consumers. To learn more about why the future of car dealerships is in jeopardy, watch the rest of this video.

Watch more of this short video from Car-mageddon Update: Expect Lower Car Prices Soon | Lucky Lopez.

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