Proposed Bailout for Auto Industry Affects YakimaPosted: Updated:
"You're gonna bail out the automotive industry," David Lowe said. "[Then] someone else is gonna come up and ask for a bailout too."
"I know there's a lot of jobs at stake, but I think they need to go a different route," Joe Reynolds said.
Yakima car dealers say they do not need a bailout. Gas prices are down but many people are still holding back from buying cars. The owner of Valley Ford says now is a great time to buy.
"The incentives from the manufacturers are as strong as I've seen in years," Tom Sparling said. "There's still plenty of credit unions and banks that are looking for buyers and want to lend money."
Even though the economic crisis has not hit Yakima, news of tough times has. That is hurting sales at Valley Ford, but may help you.
"As the market has softened prices have come down and that's a good thing for consumers," Sparling said.
The dealers we talked to think a bailout might be necessary to keep the auto industry from collapsing, and that could hit close to home.
"It affects our city governments because sales tax revenues fall and good jobs are lost," Sparling said.
However, at least one person said they would not be buying American cars if a bailout passes.
"I wouldn't be that gung ho to rush out and give them business," Melody Goss said. "I'd go to the guy down the street who kept his doors open, and I didn't have to pay to keep his doors open."