What does he mean "there's no credit to get"?
If he's talking about banks not having money to loan he's full of Shiite. I work for a credit union and we've got plenty of money to lend. So do the other community banks and CU's in the area.
If he's talking about people with bad or no credit being able to get a loan then he's correct. But that's not stopping people with good credit from buying cars.
That is exactly who he is talking about. The people who trade cars like they do baseball cards and don't give a rip if the money gets paid back. That is who he is talking about.
He is talking about our neighbor who has had SIX NEW CARS in less than 18 months! He hit a deer with his truck so instead of fixing it he bought a new one. He traded his wife's car (less than a year old) for a sport's car. He bought his (never employed 26 year old daughter a new car (old one less than a year old). He just traded his 'old' truck (the one he bought after he hit the deer) for a new car just last week. He is NUTS (literally)!
BTW, his wife works for the president of a bank. I would hate to see their real credit rating. The bank probably has first dibs on her check.