So what are you supposed to do? Your job is to approve the sale of your new cars on the lot, the trouble is you have already completed the sales of cars for every customer you have with credit scores north of 500. The only thing you can do now is abandon the credit score system you have been relying on. Sort of like what the housing market did about 10 years ago. And hey why not it worked out for the banks. They got bailed out when it all went bad. Now it’s our turn. 
According to an article in Wall Street Journal,Ford Credit has decided to change its method to determine who is a good risk or not. Ford Credit is one of the largest lenders who are reconsidering what they use to determine whether to approve a new car sale or not.
This decision is not surprising as more and more traditional lenders are pulling back on their approving auto loans, some by as much as 40+%. In the next few years selling high dollar items will be challenging. Is The price of vehicles the real issue, like real estate 10 years ago.
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