Peugeot? Yikes....

[69_340_GTS]

In this order, most dealers make their money off of: 1) Used cars sales. 2) Financing and leasing. 3) Service department. 4) New car sales.

 

[MopaR&D]

Friend of mine who's a big Ford guy said they make more money through their finance/credit division than through actually making and selling cars. I guess that's why they can decide to stop making all passenger cars and just focus on dumb trucks and crossovers.

 

[zkx14]

Part of why Sears self destructed. More focused on finance than what they were selling

 

[69_340_GTS]

Part of why Sears self destructed. More focused on finance than what they were selling

Plus the stores looked like walking back into the 1980s.

 

[MopaR&D]

Here's the official press release about the merger:

FCA+PSA merger details

I feel... indifferent about it tbh. As time goes on I find myself caring less and less about new vehicles anyway.

 

[69conv]

I'm looking forward to new French models!

 

[SGBARRACUDA]

Buying Cash use to be a big deal maker. Now days that they will finance ANYBODY, the cash deal is not a big deal. Unless your buying something from me, I love cash and will discount accordingly.

 

[moparmandan]

Guess the deal is inked. On to the regulators.
Fiat Chrysler Agrees to Binding Merger With Peugeot Maker to Create $50 Billion Auto Giant

 

[66jim]

I guess cash is no longer king. Seems anyone with a pulse can finance now, I know of people who got new vehicles and got them repoed, then a few years later did the same thing again. Don't worry about your credit rating rating its all a BS scam, people finding ways to make money without really working. I pay cash.