Quote:
Originally Posted by zete
With estimates of 20 - 33% of US dealers closing due to the financial crisis in the US, GM may well see 1200 - 2500 dealers disappear, all without GM having to buy anyone out. The remainder will be amenable to a new structure and should be better off with fewer competitors.
We've started seeing dealers folding already, I figure early in the new year we'll see hundreds close that are marginal if the economy doesn't pick up.
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Is that 20-33% ALL US dealers or just GM?
This is an interesting point. It will be interesting to see how it plays out.