Auto Discounts Help Boost Service Sector
Wed 2:05PM ET - AP
The huge discounts automakers offered on new cars last month did more than clear out dealers' inventory -- they helped boost activity in the nation's service sector at a faster than expected pace.
**SO basically, like aircraft orders, discounts helped an otherwise DECLINING situation look better than actually is.
DEVIL in the details DEVIL!
**SO, we continue to borrow from future deman at the cost of future profits, or any profits at all. Now other big 2 must match. YET, Honda, Toyota etc see NO need to give away the farm to make a sale.
It is an issue of quality over price.
It stinks of desperation.
D
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