TOOLS PRINT EMAIL Survival of the Fittest For Owners of Car Dealerships By Liz Opsitnik Friday, 21 November 2008 10:35 Throughout this whole auto industry crisis and potential bailout drama, not a lot has been said in the news about what the owners of dealerships are experiencing. This is their business and it’s their American dream. For a lot of car dealership owners, they’re watching their dream go down the tubes. They’re laying off their salespeople, office staff and anyone else they don’t need on payroll. They can’t sell enough cars to make a profit, they can’t find financing for the few customers who walk through the door and they have lots full of cars that deteriorate and lose value as they sit there longer and longer. Check out this great story on CNNMoney.com about what four different car dealership owners are dealing with and how this entire auto industry crisis affects them.   Photo via CNNMoney.com.

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December and 2008 Sales Figures Are In, and They're Exactly What We Expected
The year was dismal for most automakers, with sales plunging by double digits for a lot of companies. So far (not all automakers have reported 2008 sa ... Read More

Isuzu Throws In the Towel
If you were planning to buy a new Isuzu, this is your last chance. The company has announced that on January 31, it will stop selling its light-d ... Read More

GMAC No Longer Exclusive GM Lender
GMAC has lost its exclusive rights to offer low-interest loans to customers who want to purchase GM vehicles. The loss is part of GMAC’s fe ... Read More