City Halls Lose Good Friends

Banks, Cliff
December 2008
Ward's Dealer Business;Dec2008, Vol. 42 Issue 12, p18
Trade Publication
The article discusses the financial challenges faced by automobile dealers in the U.S. and the resulting effect on the economy. Several states in the U.S. will see a significant budget shortfall due to automobile dealerships going out of business. There are likely to be job cuts, which would increase unemployment. It is mentioned that declining sales due to economic recession and tight lending standards of the financial institutions are the major challenges faced by the dealers.


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