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Unformatted text preview: How do you describe the ups and downs of the Colorado Used Car market over the past few years? The past few years have been very active when it comes to changes to the automobile market all throughout the United States. General Motors has gone into bankruptcy, then was bailed out by the government and subsequently sold off Saturn and is now out of bankruptcy. Chrysler has allowed hundreds of dealerships to fall wayside. Ford has struggled, but less than others. Now, Toyota is facing serious issues with recalls on their top selling models. Through it all, the federal government was t rying to rev up car sales with billions of dollars pouring into the Cash for Clunkers program. Needless to say, Colorado Used Car dealers have seen their share of ups and downs. The current situation in Colorado can be summarized by a report which is released annually from the Colorado Automobile Dealers Association. This reports states that new car sales declined over 41 percent through the first half of 2009 which were steeper sales...
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This note was uploaded on 03/06/2010 for the course ECON fin121 taught by Professor Peck during the Fall '10 term at Academy of Design Tampa.
- Fall '10