About two-thirds of the more than 15,000 dealers who sell Detroit-made cars and trucks need to get out of the business in order to create a healthy dealer body that can compete with Toyota and Honda, said Stephen Girsky, speaking at an auto industry roundtable hosted by J.D. Power and Associates in conjunction with the National Automobile Dealers Association's annual convention.
A gas station manager advised me this morning that he had taken his truck into the GM Dealership in Wixom, Michigan and was advised that he needed to find another place to receive service as they were closing. Overnight, auto-carriers came in and cleared out the lot. He has heard from friends in small towns that their dealerships are closing.
Does anyone out there want to do a comparison between the housing bubble and the auto bubble ?
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