03:40 PM CDT on Monday, September 17, 2007
By Rucks Russell / 11 News
Car sales may be crumbling beneath the weight of the nationâs credit crunch.
The toll this is taking on consumers and how some are finding help
11 News has learned the industry is the latest victim in a crisis that has already devastated the housing market.
According to figures released this week by the National Automotive Finance Association, sub prime lenders are experiencing a surge in the numbers of delinquent car loans.
In Houston, some car dealers tell 11 News theyâre having a tough time securing financing for customers.
âItâs really slowing our sales downâ, according to one salesman at a lot on North Shephard Drive.
By Rucks Russell / 11 News
Car sales may be crumbling beneath the weight of the nationâs credit crunch.
The toll this is taking on consumers and how some are finding help
11 News has learned the industry is the latest victim in a crisis that has already devastated the housing market.
According to figures released this week by the National Automotive Finance Association, sub prime lenders are experiencing a surge in the numbers of delinquent car loans.
In Houston, some car dealers tell 11 News theyâre having a tough time securing financing for customers.
âItâs really slowing our sales downâ, according to one salesman at a lot on North Shephard Drive.