CFO On Using Facebook, Buying a Car Online and The Stock Drop

The auto industry is in a precarious spot right now, with tariff talk and the threat of rising interest rates potentially hurting loans. CFO Becky Sheehan came to talk about the state of the industry, the current positioning of the company and how to buy a car online. Watch now!
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The car market is hanging in there. 

Sales remain strong and June sales are likely to be up around 2.5% from the same month last year.

But expensive pickup trucks, SUVs and crossovers still are all the rage, says (CARS) - Get Report CFO Becky Sheehan, who stopped by to talk to us recently.

Clearly the tariff threats remain at center stage because a trade war involving autos would be devastating to sales volume in the United States and other key markets.

Just recently, Germany's Daimler said it cut its 2018 profit forecast, because its worried that the tariffs on cars exported from the United States to China would hurt Mercedes-Benz sales.

Plus, there is always the worry that banks will back off on loans thanks to rising delinquencies and falling residual values.

Still is hopeful.

Launched in 1998, the site connects car buyers and sellers, has more than 400 million site visits per year and lists nearly 5 million new and used cars, according to the company.

But the stock recently took a hit because activist investor Starboard Value's Jeff Smith thinks the company should go private. For more on this read, Ron Orol's coverage of it all.

So watch the video above as Sheehan addresses it all, including how to buy a car online.

And wondering what her favorite car is?  The 1970 Corvette.

Mine too.