Auto dealers face steep sales drop in economic crunch
Area auto dealers report steep declines despite a 1.5 billion Chrysler loan pledge and mileage gains in new cars. Frederick area touted as recession proof yet sales fall 50 to 75 percent with few customers in showrooms. Harold Molesworth of Mount Airy Dodge cites fear of Chrysler bankruptcy hurting buyer confidence.
MENTIONED IN THIS ARTICLE
Chrysler Corp
Frederick
Jeff Moyer
Moyer
Lincoln-Mercury
Evergreen Point
Jones Motors
Mount Airy
Dodge
Harold ‘'Mack
Molesworth
Chrysler
Mitsubishi
Japan
Auto dealers report sales drop tied to tight financing
In a regional scan dealers say sales fell 24 to 30 percent with financing constraints key. Key Chevrolet-Cadillac notes steady standard Chevrolets but a 35 percent drop for Cadillacs while used Cadillacs stay strong. Smaller cars desired but luxury add-ons persist. Corvette remains strong. Truck and large model volumes vary by dealer. American Motors reports continued small-car focus with no layoffs yet.
MENTIONED IN THIS ARTICLE
Merle Wise
Chevrolet-Cadillac
Chevrolet
Cadillac
Wise
Don DeBautrey
Ideal Buick
John Best
Renn-Kirby Pontiac
Best
Arthur Watkins
Watkins-Burdette Dodge
Frederick
American Motors
Japan
America
Custer
Toyota
Bob McKeithen
Precision Bmw-Fiat
Evergreen Point
British Auto Sales Inc
Ronald Gunasekera
Garthersburg
Import Auto Sales Struggle Amid Strong Demand in Frederick
Frederick area auto dealers report heavy demand for imports while domestic models lag. Shockley Volkswagen Audi notes long waits for Rabbit diesels and Honda Civics as Audi sales rise among professional buyers. BMW Fiat and Jaguar show mixed results as local banks tighten financing and ports pile up with ships.
MENTIONED IN THIS ARTICLE
Thew
Ares
Shockley
Volkswagen Audi
Lechner
Audi
Custer
Kay Research
University of Maryland aids Western Maryland small firm
The University of Maryland Technological Extension Service helps Blaine Window Hardware in Hagerstown, raising foundry productivity from 5 percent to near full capacity by correcting heat control, sand aging, and mistuned bonding. TES, part of UM and funded by Appalachian region grants, offers free tech expertise to small businesses across Western Maryland, aiming to expand statewide.
MENTIONED IN THIS ARTICLE
University of Maryland Technological Extension Service
TES
Maryland
Blaine Window Hardware Inc
Hagerstown
University
Blaine Window Hartwart
Freak Moderacki
Barry J Mart
Ube
Persomnel
Marti
Wes Uring
Uber
Mertz
3 Protectape
Martin
Blaine Window Hardware
Garrett
Allegany
Washington
Appalachian Regival Commission
University’s
College of Engineering
Smal
Appalachian
Mogeracki
Maryland Remains Wealthier Per Capita In 1878 and 1978
Maryland ranks 14th in per capita income among the 50 states with a .6 percent gain from 1878 to 1978. BEA data show 1879 average Maryland income at 39 150 dollars, about 64 dollars above the national level, while Alaska tops at 11 252 and Mississippi remains lowest at 96 167. The mideast region including Maryland plus District of Columbia New Jersey Delaware New York and Pennsylvania averages 2 002 per person, 4 percent above the national mean, with New Jersey and Delaware also above Maryland.
MENTIONED IN THIS ARTICLE
Washington
Maryland
Bureau of Economic Analysis
U. S. Department of Commerce
Pennsylvania
Virginia
West Virginia
District of Columbia
Alaska
Mississippi
Mideast
New Jersey
Delaware
New York
U.S
Midea
C&P offers credit on returned Bell telephones
C&P Telephone announces a credit program for customers who return Bell telephones or take them to a new location within the state served by C&P. Eligible phones include desk sets and wall phones. customers must call the business office to learn specifics.
MENTIONED IN THIS ARTICLE
C&p
Bell
Cap
C&p Busness
Marylee
Maryland
Stock market ends day lower amid slower economy signs
New York stocks drifted down as major banks ease prime lending rates while government data point to slowing economy. The Dow fell 0.60 to 605.20 as declines edged advances on the NYSE. The dollar softened, gold dipped in New York after a brief rise in Europe. Bond prices dropped and short term rates slid.
MENTIONED IN THIS ARTICLE
New York
New York Stock Exchange
Europe
Vernon Gwynne to keynote Baltimore financial seminar
Vernon Gwynne executive director of the IAFF will headline a Baltimore chapter financial seminar on May 22 at the Quality Inn Towson. The topic is Creative Financial Planning for the 80s with John T. Rogers presiding. speakers from national firms will attend.
MENTIONED IN THIS ARTICLE
Vernon Gwynne
International Association of Financial Planners Inc
IAFF
Baltimore
Quality Inn
Towson
John T. Rogers
Rogers
Legg Mason Wood Walker, Inc
Maryland
P.O
Also Mentioned on This Page
ED Waters JR
Fredericktown Bank & Toast Company
Glade Boulevard
Walkersville
Wee
W. Dwight Mullican
RSIR
Sid
Don Phillips
Tate Chrysiler-Plymouth
Ralph Rohrer
Frederick Motor Co
Rohrer
Jenkins
Oldsmobile
Montgomery County
Gunasekera
Jaguar
New England
Jenkins Motors
Jerry Lowman
Ken Mead
SAAB
Mead
Connecticut
Sweden
Saabscania
University of Maryland Aids
Small Hagerstown Company
Lucian Warrenews
Post
Weners Electric
Bell Sytem
Kathy
New Oilers
First American Bank
G. J. Manderfield
First American Bank of Maryland
Manderfield
Financial General Bankshares Inc
Washington, D.C
Cleopatra Cleopatra
Ptolemy
American Telephone & Telegraph
General Public
NYSE
American Stock Exchange
Standard & Poor
S&p
Dow Jones Industrials
Balt GE
Bethyl
Chessie
CocaCl
Exxon
Fairchild Ind
Gulf Oil
Barris
IBM
Kmart
Littonie
Marriott Corp
MD Natl Cp
Mercantile Bokshi
Mobil
Penney
Peop Dr
Sears
Tandyum
Texaco
USFG
Warner
Wash Gs
Watkins J
Whittak
Baker Watts & Co
Armstrong Solarian Sales
Armstrong Solaran
Armstrong
Caetano Metaggtea Ap Hatin
Tela Rete
Wn Stach Porter
Ren
Prada
Bengne Solange i
Water St
Frederick, Md
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