Cash Convertors also reported today a strong increase in auto loans.
MNY loans will primarily be second hand vehicles rather than new cars that are reported in those numbers. If people cut back & don't buy new cars they're likely to buy second hand ones instead, increase in business for MNY rather than decrease. Plus they only have a tiny part of the market that's being restricted buy finance rather than demand.
MNY Price at posting:
$2.13 Sentiment: Buy Disclosure: Held
