Mar
04

Car Dealership Closures Accelerate

By
– National Real Estate Investor

While General Motors and Chrysler Corp. remain on financial life support and demand for cars and trucks wanes, the number of shuttered dealerships is piling up. Since 2005, 1,795 dealerships have closed, says the National Automobile Dealers Association

This year, the industry projects a net of 900 closings, dropping the total number of dealerships to 19,075. The closures provide an opportunity for retailers, office developers and hotel operators to buy prime sites rarely available for sale.

ARTICLE SHORTENED DUE TO LENGTH….

LINK TO ARTICLE HERE:

http://nreionline.com/finance/news/car_dealership_closures_accelerate_0304/
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