Where it hurts

Looks like the first casualities of the credit crunch (outside of the financial industry) are going to be car dealers not the car companies. Not only is it getting harder for individuals to get car loans but a lot of people are staying out of dealerships due to job uncertainty. Compound that with the fact that the dealers themselves are having problems securing the financing (typically short term) needed to buy cars from the manufacturers....bad news all the way around.