Are we headed for another recession?


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RBO   
Member since: Aug 06
Posts: 1761
Location: Mississauaga

Post ID: #PID Posted on: 16-04-12 16:21:07

Quote:
Originally posted by freakoutguy

Quote:
Originally posted by RBO

IMO, we are entering in deep recession now,

I am working automobile dealership and compnay has started to give lay off and cutting off our hours from next week.

Thank God is Friday.........:-)



That's strange because I know somebody who works in another dealership who was mentioning that business couldnt be better ; It's a matter of perspective :cool:



I don't know about your friend, but i am working in Service dept and business is really really slow compare to last couple of years.

rgds



freakoutguy   
Member since: Sep 06
Posts: 666
Location: GTA

Post ID: #PID Posted on: 16-04-12 18:57:10

Quote:
Originally posted by RBO

Quote:
Originally posted by freakoutguy

Quote:
Originally posted by RBO

IMO, we are entering in deep recession now,

I am working automobile dealership and compnay has started to give lay off and cutting off our hours from next week.

Thank God is Friday.........:-)



That's strange because I know somebody who works in another dealership who was mentioning that business couldnt be better ; It's a matter of perspective :cool:



I don't know about your friend, but i am working in Service dept and business is really really slow compare to last couple of years.

rgds



If you see the sales of new cars across North America, they have recovered nicely after the recession of 2008-09. Also, with the close to 0% financing available,it is much more sensible to purchase a new car and replace your old clunker, rather than make those trips to the dealership to service your old one. Also, the newer, fuel efficient models are another driving force (pun unintended) ;) for the new car sales.





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