There is nothing like free money and maybe a softening of lending standards to get people to buy things again. Edmunds.com is reporting that March 2010 saw a record number of automobiles purchased with zero financing. The total of 22% of transactions exceeded the previous high of 21% in July 2006. The stark difference though of course is the total number of vehicle sales between the two periods. In March 2010 the SAAR was 11.77mm (highest since Sept ’08 ex clunkers) and in July 2006 it was 17.07mm.
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