We'll re-use the intro from last Saturday's "Used Cars Available For Sale Now The Lowest On Record":
From CarDealershipGuy who has shown himself to be a straight-shooter...
Major news in subprime:
— CarDealershipGuy (@GuyDealership) April 18, 2023
U.S. Auto Sales has “temporarily” closed all operations.
Ally dropped their floorplan / inventory line of credit [Unconfirmed]
— Major subprime dealer group w/ nearly 50 locations.
— CEO’s LinkedIn is now deactivated.
Letter from CEO to the employees: pic.twitter.com/AdIFXZHBFA
...THREAD
Automotive News picked up the story today:
