There is a lot to be said about the lending in the auto retail market at this time. It would appear that auto lending is still lagging in scope to where we all used to be. By taking the sub-prime markets out of the dealership portfolio’s it has put a real damper on the amount of volume that most dealers are able to sustain. Some dealers have seen as much as a 60% loss of volume and gross. This really effects the how dealers stock the pre-owned inventory and must maintain a very strict turn-cycle, otherwise wholesale loss will increase and inventories in general will get out around. Having a strong pre-owned director managing the pre-owned inventory is essential to watch these lending patterns and hope we see some lenders step up to this void in the automotive landscape.