Have You Seen a Dramatic Reduction in Your Cost of Credit Over the Last Four Months?
NEW YORK– Have You Seen a Dramatic Reduction in Your Cost of Credit Over the Last Four Months?
The Federal Reserve states that “The Federal Reserve conducts the nation’s monetary policy by managing the level of short term interest rates and influencing the overall availability and cost of credit. Monetary policy influences business investment.” www.federalreserve.gov/monetary-policy
Over the last four months, since October 29, 2019, the yield on the 10 year US Treasury Bond (the most widely used indicator of interest rates) has declined by more than half from 3.22% to its current level of 1%, a level never before seen in our history.
Have you seen a similarly dramatic decline in the cost or an increase in the availability of credit from your bank over the last four months?
If you are a successful and growing automobile dealer and would like to make sure you are getting the “…availability and cost of credit…” that your business deserves, please contact me at your earliest convenience.
Executive Manager DCG Capital
About Dave Cantin Group:
Dave Cantin Group (DCG) is a full-service M&A firm that manages the sale and purchase of automotive dealerships throughout the United States. With over $11.5 billion in collective dealer acquisitions and $3 billion in dealership listings, DCG is one of the world’s largest automotive dealership M&A firms. Dave Cantin personally has helped raise more than $150 million in the fight against pediatric cancer, and DCG is committed to donating a percentage of its revenue to the cause. DCG is headquartered in New York with regional offices in California, Florida, Illinois, New York, and Texas.
GET Financial & Investor Advice for Free
Stay in touch with DCG Capital for relevant automotive industry updates