TITLE

City Halls Lose Good Friends

AUTHOR(S)
Banks, Cliff
PUB. DATE
December 2008
SOURCE
Ward's Dealer Business;Dec2008, Vol. 42 Issue 12, p18
SOURCE TYPE
Trade Publication
DOC. TYPE
Article
ABSTRACT
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.
ACCESSION #
35686951

 

Related Articles

  • Life Boat Is Gefting Crowded. Villegas, Phil // Ward's Dealer Business;Dec2008, Vol. 42 Issue 12, p32 

    The article focuses on financial problems that might be faced by U.S. automobile dealers due to the credit crisis. It is stated that dealers might face the problem of not getting quick and accessible financing. If the sales volume is low, it could lead to a situation of no floor plan. There...

  • Convert Surplus Land to Cash. Thomas, Paul // Ward's Dealer Business;Dec2008, Vol. 42 Issue 12, p31 

    The article offers suggestions for U.S. automobile dealers regarding ways to raise cash from surplus land. At the time of unusual economic upheaval, dealers are witnessing shortage of cash, which leaves them with an option of selling the surplus property as a means of operating capital. Most of...

  • Well, It's Better than Horrible. Finlay, Steve // Ward's Dealer Business;Aug2009, Vol. 43 Issue 8, p36 

    The article reports on the possibility of the automobile loan servicing to become worse in the U.S. It states that such possibility was seen due to the effect of the financial crisis which affects that purchasing power of the customers. Dann Adams of Equifax explains that automobile financing...

  • How I Learned to Stop Worrying and Love the Deficit. Miller, John // Dollars & Sense;Nov/Dec2009, Issue 285, p11 

    The article offers a look at U.S. government spending and suggests ways to look at the 2009 budget deficit in the proper context. The author says that the declining economy contributed to 1.58 trillion U.S. dollars federal budget deficit in terms of dwindling government revenues and increased...

  • Is It Back to the '70s? Glain, Stephen // Newsweek (Pacific Edition);5/16/2005 (Pacific Edition), Vol. 145 Issue 20, p28 

    Reports that some economists are warning that "stagflation," the high-inflation, low-growth scourge that effected the United States economy in the 1970s, may soon return. Analysis of potential causes of stagflation, including debt, a weak dollar, and slowing growth at flagship automakers;...

  • A historical connection between the two. Fried, Neal // Alaska Economic Trends;Jun2009, Vol. 29 Issue 6, p4 

    The article examines the impact of the recessionary economy of the U.S. on the migration in Alaska as of June 2009. When the national recession has driven the U.S. unemployment rate above 7%, it says that Alaska's population gains from migration have likewise increased. Since Alaska has not seen...

  • State Unemployment Reaches 10.6% in April.  // Las Vegas Business Press (10712186);6/1/2009, Vol. 26 Issue 22, p7 

    The article reports on a 10.6 percent increase in the unemployment rate in Nevada in April 2009. The unemployment rate, which reflects a .2 percent increase from the previous month, is 1.7 percent higher than the U.S. average. The recession is cited as the main cause of the increase, which...

  • The Great Jobs Question. Samuelson, Robert J. // Newsweek (Atlantic Edition);9/14/2009 (Atlantic Edition), Vol. 154 Issue 11, p25 

    The article examines the rate of unemployment within the U.S. and compares joblessness resulting from the 2009 recession with joblessness during the early 1980s. The author presents statistics obtained by a liberal think tank known as the Economic Policy Institute on subjects that include wage...

  • Vacancies Could Rise in Recession.  // Buildings;Apr2008, Vol. 102 Issue 4, p16 

    The article discusses a market report by Grubb & Ellis Co. Senior Vice President Bob Bach, which forecasts that vacancies could begin to rise if a recession takes hold of the U.S. economy. According to Bach, decelerating consumer spending might dampen retail leasing activity, layoffs could push...

Share

Read the Article

Courtesy of THE LIBRARY OF VIRGINIA

Sorry, but this item is not currently available from your library.

Try another library?
Sign out of this library

Other Topics