New Car Dealers - Economy has new-car dealers shifting to...

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Economy has new-car dealers shifting to used-car focus Credit markets for housing are loosening up a bit, but will automobile financing follow the trend? The decline in consumer spending power and the evaporation of credit has led to the worst few years for auto sales in a very long time. As we have entered the worst new car market in 25 years, thanks to a credit crisis and a bursting of the Real Estate bubble, during a time when most car dealers are cutting back on costs, some new car dealers are changing their game plan. Some new car dealers are reacting to our current time of economic uncertainty by remodeling portions their dealership to convert parts of their business from new car sales to used car sales. With major financial problems at Chrysler LLC and Ford Motor Co., and the near collapse of General Motors, many new car dealers are struggling to move inventory and are scrambling to diversify their risk by changing their business model. Other new car dealers have been and are still cutting costs and many
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New Car Dealers - Economy has new-car dealers shifting to...

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