Tuesday, October 21, 2008

Car dealerships facing tough times (Moldova.org)

U.S. automobile dealers report the credit crunch and consumers' switch to fuel-efficient vehicles are cutting sharply into business.Most car dealers were down 30 percent last month, and that is a catastrophe, Ray Ciccolo, owner and chief executive officer of Village Automotive Group told USA Today.The National Automobile Dealers Association said out of 20,000 new car dealerships 61 either closed ...

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