CarBiz Crisis – the Strong Will Survive!
By Len Critcher - eCarList President & CEO
Posted on October 12, 2008 at 9:22 pm

Straight to the point – car dealers have seen better times.  I speak with dealership owners everyday and feel their pain, as I also own one myself.  I have witnessed the closing of several smaller dealerships this week alone and fear that larger franchises may not be failure-proof either.  Manufacturers are reporting record losses and as I’m writing this, CNN in the background reports at least 600 dealerships have closed and the pre-owned giant, CarMax, has announced over 600 lay offs.

The question is… What can a dealership do to survive and profit in these uncertain times?

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