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Economy Leaving Car Dealers in the DustIn Pennsylvania, the number of dealerships expected to close or merge by year's end will be three times the historic average. Hardest hit are those selling U.S. cars, whose gas-guzzling models have become auto-lot orphans. The national outlook is likewise grim. |
With Economy Running on Fumes, Car Sales TankFirst gas prices, now the credit crunch. At car dealerships, many salespeople are loath to speak about bad news for fear of self-fulfilling prophecy. Car sales are so bad nationwide that a Standard & Poor's analyst predicted that the big three -- General Motors, Ford and Chrysler -- might not survive the economic downturn. |
Credit Crunch Squeezing Global Auto MakersThe U.S. auto industry isn't looking good -- and analysts at Global Insight say the market has not hit its bottom. This morning, the Lexington, Mass.-based forecasting firm outlined out how the global credit crunch is squeezing auto markets in North America, Asia, India and Europe. Tightening credit standards, coupled with rising oil prices that fueled the consumer shift to smaller cars, have put pressure on automakers, dealers and others tied to auto markets. |
Being Driven in Droves: The 10 Most Popular New CarsWhat are the most popular cars out there on the road today? With so many different models available on the open market, picking out a new car can be a challenging decision. It may help to know which cars that are peeling away from dealerships all over the nation. Here is a list of the top 10 cars sold by unit volume purchased from Jan. 1, 2008 to Aug. 31, 2008. |
Microsoft Offering a Version of Live Search to AutomakersMicrosoft Corp.'s move into online services is shifting into the car. The company says it will offer a version of its Live Search engine to automakers that use its entertainment and information technology system in cars and other vehicles. The technology will work via voice commands, on an in-car screen or a combination of the two, depending on what individual automakers decide. |
Making Sense of Dealer IncentivesSomewhere between the glamor of new cars posed on the cover of glossy magazines and the classified section headlines that scream about untouchable deals -- you know, five at this price -- you will discover the truth about buying a new car. So let's get down to it. |
Top Automotive Companies, 2007The Burt Automotive Network again leads the Hispanic Business magazine list of the Top 20 Auto Companies for 2007. |
More Dealerships Diversifying Their PortfoliosIn many respects, 2006 has been a poor year for the automotive sector, both in the HISPANIC BUSINESS 500® and the wider market. |
The Final Say: Irma ElderPerseverance, a strong support system, and a sharp sense of humor have helped Irma Elder, the CEO of Elder Automotive Group, succeed after a tragic baptism into executive life. |
Top Automotive Companies, 2006The Burt Automotive Network leads the Hispanic Business magazine list of the Top 20 Auto Companies for 2006. |
Dealers Play the E-card2006 Hispanic Business 500 Auto dealerships find growth in Web-based services and marketing. All Star Auto Exchange in Tucson, Arizona (number 475 on the Hispanic Business 500) doesn't have the advertising budget of much larger dealers. But All Star does have a snazzy and easy-to-navigate Web site proclaiming, "Easy Application! Fast Approval! Drive Today!" |
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