Fewer vehicle dealers are preparing for expansion, SBRB study indicates

December 2007
Trailer / Body Builders;Dec2007, Vol. 49 Issue 2, p12
Trade Publication
The article discusses a study by the Small Business Research Board in the third quarter of 2007, which found that fewer owners and managers of small automotive and other vehicle dealerships will be expanding in the coming months. Only 24% of those surveyed indicated that they will expand, a 5 point decrease from the 29% who said they will expand during the second quarter. As a method of growing their business, 40% chose facilities-based activities, while providing more service was cited by 16% and addition of new products were cited by 14%.


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