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Car Dealer Insider Jan 15, 2009
| - Management Matters
General Manager harnesses positive energy amid industry gloom
At Kindle Autoplaza in Cape May Court House, New Jersey, business is better than at many car dealerships around the nation. New and used vehicle unit sales were off just 9 percent last year compared to 2007. That follows a decline of 6 percent in 2007 versus a year earlier. "It's not great but I know a lot of our fellow dealers are doing worse," says general manager Dave Sharp.
| - Did you know...?
In 2008, 71 percent of private industry workers had access to employer-provided medical care benefits, 47 percent had access to dental care benefits, 28 percent had access to vision care benefits, and 68 percent had access to outpatient prescription drug coverage. The take-up rate - the percentage of workers with access who participated in these plans - ranged from 75 to 79 percent for these four benefits categories.
| - News You Can Use - Dates to Save, Trends to Watch
What if…? What if you lose your job in this economic downturn or you have to close down your dealership? ... TV reminder. Don't leave your dealership customers stranded in your service waiting room with nothing to watch.
| - Top 20 legal issues facing car dealers in 2009
In October 2008, I sat on a panel of lawyers speaking with dealers at a state dealer association's annual convention. We talked about the potential consequences for dealers of franchisor bankruptcies and the bleak outlook generally. The emphasis, of course, was on the Detroit Three, but also included the impact on all brands of the general downturn.
| - Trend spotting
WALKAWAY, when we first wrote about the concept in 2003, seemed like an idea whose time had come...Just over half of all new vehicle purchases are financed and another 20 percent are leased.
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