Dealerships here and there are seeing their inventory of cars taken back by the manufacturer. It turns out that dealerships use something called “floor plan” loans to get their inventory – they don’t own the cars, the manufacturer does – and that financing is now difficult to secure. Also, manufacturers are concerned that if a loaned car is sold and the dealer declares bankruptcy, they won’t get paid for the car. So there must be a mothball fleet of cars gathering someplace.

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