Not only do lower rates make it easier to finance these purchases, but they allow dealers to get more inventory onto their lots. |
There were signs of a recovery [in the sector] before September. These are planned purchases, and we're seeing a release in pent up demand, especially among baby boomers. |
These stocks historically have price-to-earnings ratios in the high teens to low 20s, an I expect they'll return to that level. |