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?


