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Issue:

Miscellaneous

 

Written by:

Donna B

 

Date added:

November 9, 2014

 

Level:

University

 

Grade:

A

 

No of pages / words:

2 / 330

 

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in 1927. Creating a standardized accounting system for all of its dealers o Selling cars on credit became a major way for factories to help dealers ? Established General Motors Acceptance Corp in 1919 o GM set up Motors Holding Corp In 1929 to finance the purchase of dealerships by entrepreneurs who lacked the necessary funds ? Became a division in 1936/has advanced more than $1 billion to help about 4,000 GM dealers acquire stores o GM was the first to utilize the growing used car market ? gave credit on trade-ins for credit on new purchases ? sloan saw that industry was becoming a trade-in business (eventuall 3 out of 4 soled were used cars)
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in 1927. Creating a standardized accounting system for all of its dealers o Selling cars on credit became a major way for factories to help dealers ? Established General Motors Acceptance Corp in 1919 o GM set up Motors Holding Corp In 1929 to finance the purchase of dealerships by entrepreneurs who lacked the necessary funds ? Became a division in 1936/has advanced more than $1 billion to help about 4,000 GM dealers acquire stores o GM was the first to utilize the growing used car market ? gave credit on trade-ins for credit on new purchases ? sloan saw that industry was becoming a trade-in business (eventuall 3 out of 4 soled were used cars)
displayed 300 characters

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