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Car dealers scramble against recession
Detroit reports show shifting auto industry as 7 percent of U S dealerships failed in 15 months. High interest rates around 20 percent deter buyers and push dealers to cut inventories and seek added service revenue. Executives note 1980 losses by GM Ford Chrysler AMC totaling 4.1 billion while 1981 begins with sales down 5 percent.
MENTIONED IN THIS ARTICLE
Detroit
America
C.J. Thorstad
Chevrolet
Madison
Wis
Wisconsin
Thorstad
Auto Industry Journal
Automotive News
U.S
Robert McElwaine
American International Automobile Dealers Association
McElwaine
General Motors
Ford
Chrysler
American Motors