Summary
Management of African-American-owned dealerships during economic slump
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Extract
B.E. 100s Switching Lanes.
B.E. auto dealers survive the threat of an economic crash by weaving import dealerships and holding companies into their course
AFTER TWO CONSECUTIVE YEARS OF RECORD-SHATTERING car and truck sales, things in the auto industry have slowed down. Sales of new vehicles in 1999 were pegged at $16.9 billion. In 2000, the numbers were higher, at $17.4 billion. But the National Automobile Dealers Association (NADA) in McLean, Virginia, forecasts that 2001 totals will be slightly less, at $16.3 billion. Why? Gas prices are up, there was a major tire recall in 200...See the full content of this document
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