Car Dealerships Fear '08 Will Be Lemon of a Year ; Sales Down, Some Smaller Lots Could Close
The Record, Bergen County, NJ › February 19, 2008
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Summary
New Jersey's retail auto industry faces another challenging year in 2008.
Sales continued to fall in January, and industry officials are saying this could be the worst year in a decade.See the full content of this document
Extract
Car Dealerships Fear '08 Will Be Lemon of a Year ; Sales Down, Some Smaller Lots Could Close
Smaller neighborhood dealerships will continue to close, experts say. But dealers with the right product, location and management should be able to overcome tough times and be well positioned when the economy and, with it, the auto market bounce back.
"Consumer confidence is challenged right now, and I don't think there is anyone expecting sales will be up," said Jim Appleton, president of the New Jersey Coalition of Automotive Re...See the full content of this document
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