Maybe Lower Tax Refunds Won't Ding U.S. Auto Sales That Badly, After All

“The more recent updates suggest that they’re actually pretty well in line with last year’s pace,” she said in a conference call on April 4.

“Compared to the early reports, I think it looks like a much more normal year than was originally being reported,” she said. However, she warned there could be a delayed effect, assuming people who expect to pay probably wait until the last minute to file their tax returns.Tax refund time is traditionally a busy season for auto lenders, especially those catering to buyers with subprime credit.

can represent a down payment. Tax refunds also help fuel the new-car spring selling season for customers with good credit., buying a car was the No. 2 response in a recent poll where consumers were asked what they planned to do with their tax refund. The No. 1 response was to put it in savings.

No kidding

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