Number 1 and Number Auto Manufacturer models outside of Public Aid Office
#1
Retired Administrator
True Car Nut
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Number 1 and Number Auto Manufacturer models outside of Public Aid Office
I am working a casualty case for an inner city family. I had to bring a sibling of the deceased Soldier to the public aide office and had to wait about 3 hours. I tracked all the vehicles that came and went. I originally was surprised by the number one manufacturer of cars that came and went, and the number two. Seeing if anyone can guess them. The big hint is likely the finance company that will clearly show how and why these cars were purchased. Please fell free to guess, a little later I will post my observation and how the finance company plays a huge roll IMO. Please note I am listing the manufacture, not the make (example if most of the cars were Lexus it would be listed as Toyota, Mercury would be listed as FOMOCO, etc).
#2
Retired Administrator
True Car Nut
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Number on manufacturer of vehicles going in and out of Public Aide office:
Chrysler (mainly Dodge'*)
Number two
General Motors
What do they have in common and why is the above the number one and two.....
GMAC is likely the reason. GMAC is the finance arm for both Chrysler and GM. They were writing very high profit loans and allowing Chrsyler and GM move vehicles that the middle class did not generally want. Kind of a sub-prime for auto game being played by Chrysler and GM. Problem is these cars end up getting repoed and go to auction, devaluing the resale values of Chrysler and GM.
GMAC is owned by a hedge fund like company called Cyberus- they also bought Chrysler from Diamler. Funny how Chysler and GMAC have truly lost over 100 billion- yet the Cyberus folks have lost nothing- they stole cash from GMAC and Chrysler via management fees- what a sorry thing.
Chrysler (mainly Dodge'*)
Number two
General Motors
What do they have in common and why is the above the number one and two.....
GMAC is likely the reason. GMAC is the finance arm for both Chrysler and GM. They were writing very high profit loans and allowing Chrsyler and GM move vehicles that the middle class did not generally want. Kind of a sub-prime for auto game being played by Chrysler and GM. Problem is these cars end up getting repoed and go to auction, devaluing the resale values of Chrysler and GM.
GMAC is owned by a hedge fund like company called Cyberus- they also bought Chrysler from Diamler. Funny how Chysler and GMAC have truly lost over 100 billion- yet the Cyberus folks have lost nothing- they stole cash from GMAC and Chrysler via management fees- what a sorry thing.
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