Sunday, November 9, 2008
Things about to get very sticky indeed
A car dealer desperate to shift stock has stunned the motor industry with an extraordinary offer: buy one car - and get another one free. Car industry experts described the offer as "almost unbelievable" and said it was a sign that the car market was in crisis. Struggling consumers fearful for their jobs have been deciding to hold on to their existing vehicles. This week alone four big car dealerships called in the administrators, with the loss of more than 400 jobs. More are predicted to fail over the next few months. It won't be just cars.