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Fiscal Cliff Fuels Concerns About Auto Industry

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  • Description

    The Car Coach Lauren Fix on how the potential fiscal cliff could impact auto sales.

  • Duration 3:23
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The United States auto industry's -- towards its best year since 2007 great news to be sure but the fiscal -- believe it or not.

Threatens to run the auto industry off the road here to break down the details as automobile extraordinaire and the -- Coach Lauren -- You know it's my favorite -- out and then the -- under the gonna give me a 32 heads upside put you to the test on our borrowing can vote -- -- cars are gonna wanna be part of this when -- Garcia.

-- now how how with the fiscal -- where we're gonna have a fifteen million unique year our -- how with a drug that off that the road.

Well be very easy to drive -- -- right now consumers are buying cars is great deals going on great product actually available as well.

But if you think about the fact what happened in 2008 -- consumers want to buy cars lenders weren't lending cars because of the recession.

Well if you've got your taxes increase that -- you've got less expendable cash so -- -- start thinking maybe I don't want that car payment.

My taxes went up the fiscal -- could cause some people's taxes developed enough.

They're gonna see you know what they tighten outspent at least not -- -- -- -- -- lenders are gonna do the same -- in the backside.

I don't know if you're gonna have your job I don't know if your credit ratings good as it was and there are a whole -- letting money -- The what you've just described this is -- create lesson in Federal Reserve speaks she's just described in negative feedback would ever want tightening up out of here right well let's take a step further.

Because we don't know what the tax situation is going to be -- we might have delay in tax returns.

From people who use that for down payment when would they get that put a down payment on a new car right.

Right and that's all thank you are gonna start thinking I I don't have -- money maybe going to -- maintaining my existing current that we hope is not the case and and -- the car care council Royce -- these numbers are not at ten cars or something wrong with them on the road.

And if you don't do that basic maintenance let me be your only way to keep your job to get your family where they want to -- again and that's all dollars and cents in.

-- in New -- nine out of ten cars that the big problem is the driver in the other car but left there at all across the country -- don't feel like before we get to the -- -- we wanna do with you.

Is any way to avoid this -- consumers pretty much just freaked -- right now when -- start the year off -- in the car industry.

I think to get a good credit rating.

And you do need a new vehicle one of the smartest things you can do is pick up these incentives by the end of the year you've got a few days left.

They're great deals of their great incentives -- those consolidation say it's go to the manufacturers negotiate because -- Christian Andrea I'm telling you what.

That -- those in those people that are really good position will be able so.

-- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- You gotta make -- a Shelby are so that's my.

There are what's that that would I it's hard to see -- from -- but it looks like it's a Chrysler herb in pelican ver Y sixty forced to debate and -- you're just a studio is.

Loan to buy yours truly you'll Studebaker all the way he should -- know now.

I should no -- -- -- all three Stew -- reminds -- instead -- Tara that's right and -- went -- the fiscal -- almost fifty -- years -- so a lot of car companies it seems like a lot of them you know think about AMC and everything -- it's all about dollars and -- really isn't for you as a consumer the smartest -- you can -- do your homework and -- retail not about dollars and cents with Studebaker is there is no matter how how.

I'm takes thank you very much --

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