Excess dealers costing billions
Surplus puts U.S. auto industry at disadvantage
BY SARAH A. WEBSTER • FREE PRESS BUSINESS WRITER • April 17, 2008
EDITOR''S NOTE: This report has been corrected since its initial publication. There are 15,710 independent dealerships that sell GM, Ford and Chrysler vehicles in the United States.
For 25 years, John Santilli has been an ambassador for Detroit, selling domestic cars and trucks off Amvets Memorial Highway, just south of Boston.
Business is tougher than it used to be. But the New England dealer doesn''t just blame Japanese rivals like Toyota and Honda. These days, he also grouses about his fellow Dodge dealers.
At least 10 competing Dodge stores are within a half-hour drive of his store in Brockton, and last year they fought over nearly 4,000 fewer customers than the year before.
http://www.freep.com...5/1002/BUSINESS
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Saturation point for domestic auto dealers
Started by
trophyfish
, Oct 04 2008 05:49 AM
2 replies to this topic
#2
Thomas
Grizzly Bear
Posted 04 October 2008 - 09:08 AM
Classic credit-induced malinvestment.nm
Doing God's Work
#3
TheWolf
In Pyramid Schemes We Trust
Posted 04 October 2008 - 11:36 AM
It too will vanish in the coming maelstrom.
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