You Don’t Say

MaxPower January 28th, 2009

Out today:

TORONTO — Auto industry analyst Dennis DesRosiers says he expects 500 car dealerships in Canada to close over the next five years.

Despite $12 billion in yesterday’s federal budget to help consumers finance new vehicle purchases, DesRosiers says the Detroit Three’s dealerships will experience a major downsizing.

He says tight credit markets have hurt dealers as much as consumers and manufacturers, and Ford, General Motors and Chrysler have too many dealers as it is.

Maybe, as I said here, that will cause the dealerships to open on Sundays.