Question-and-Answer Session
Operator
Thank you. Ladies and gentlemen, we will now proceed with the analyst portion of the question-and-answer session. (Operator’s Instructions). One moment please for our first question. And our first question comes from the line of John Murphy of Merrill Lynch. Please proceed with your question.
John Murphy - Merrill Lynch
Good afternoon guys.
Mike DiGiovanni
Good afternoon John.
John Murphy - Merrill Lynch
I was just wondering, as we look at the impact of certain dealers actions, I have seen what you were doing as far as in supervising sales at the corporate level. I was just thinking how the dealers pushed volume this month. Was their any significant push by the dealers, because they were concerned about the GMAC situation and their lack of ability to get four plant financing that was a push in the month that you can tell?
Mark LaNeve
John, not that we know of -- dealers -- their big push lately has just been business, their volume is off to. So, no matter what branch you are speaking, I mean they are -- so they are anxious that they align their inventories where they have imbalances. And they are pushing just to meet payroll in some cases. So, I mean, I do not think worrying or any specific worries about GMAC entered into the thought process.
I think they were delighted obviously that we got back in APR game towards the end of the month and we're able to buy a reasonable spread down to 621 credit score but specifically worried about GMAC not having the ability to form -- I don’t think that entered into the thought process. The dealer's growth on a per unit basis was relatively stable throughout the year and beyond it has been stable for 20 years in GMs case. Now as a percentage of MSRP, it has come down over that time, but it has been relatively stable number in terms of all the numbers we look at.
John Murphy - Merrill Lynch
And then, just may be conversely as we look towards the end of the month and going into January, I mean, GMAC is now stabilized to some extent as far as the flooring goes and that you’re making big production cut. Are you seeing dealers actually may be pull back and try to take price a little bit more? I am just trying to understand that the shifts, and because there are two major shifts here. One in your current production massively in the first quarter and two, GMAC the flooring is a lot more solid for these guys. That they might -- they might shift their behavior on pushing volume quite as much going into January.
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