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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GMAC's Lower Credit Score Requirement Gives Dealers Increased Sales
It seems now that GMAC has lowered its minimum credit score and made auto financing more available, buyers are finally coming out of hiding and buying ... Read More

Hyundai Genesis Beats Luxury Competitors to Take Top Ranking in Consumer Reports
Hyundai’s new luxury sedan, the Genesis, took top honors with Consumer Reports in its “upscale sedan” category. The Genesis, which ... Read More

Toyota to Close Japanese Plants for 11 Days Due to Drop in Sales
Toyota will stop production at its Japanese plants for 11 days in February and March, as the automaker’s bleak U.S. sales mean Toyota dealers ha ... Read More