When the economy hits hard times, people react with caution. Consumers tend to pull away from extra expenses and curb their spending.
Some necessities can’t be avoided — one of which is transportation.
Despite a national decline in sales, auto dealers are still selling cars.
However, automakers say they are dealing with another financial roadblock. Many claim that banks have tightened their credit requirements and are denying more loan applications, according to a recent report from the Associated Press.
