Financial Times FT.com

American dream boosts used-car dealers

By Bernard Simon in Toronto

Published: May 22 2008 19:55 | Last updated: May 22 2008 19:55

As a growing number of hard-pressed Americans struggle to feed and clothe their families, many are discovering that their most valuable asset is the car that gets them to work each day.

Their determination to keep up payments on those vehicles, even as mortgage lenders foreclose on their homes, is good news for a group of car dealers who might normally be among the casualties of an economic downturn.

You have viewed your allowance of free articles. If you wish to view more, click the button below.

Read this