In every respect it's a good time to buy. Dealers are selling the current model year and they tend to accept less profit on a car in order to move it.

It may or may not be. It's a good initial step to do it (cut inventories). I commend them for taking this early action rather than letting it drag out.

There's been no stopping trucks. We don't see any evidence that oil prices are slowing car or truck sales.

Toyota and Honda are certainly on a hot streak this year as well as the Europeans.

The point is inventories are building over the ideal 60-day marks. They've maybe reached a point where the market is getting saturated.