Report: U.S. auto dealers see record sales

Article by Christian Andrei, on March 16, 2012

The U.S. auto dealers who were able to get past the economic crisis in 2008 and 2009 are now experiencing a welcome change in fortunes. One of the lucky ones is Spring Chrysler-Jeep-Dodge-Ram in Houston. The dealership’s general manager, Al Heggs, said that those were truly difficult times wherein sales fell from 300 units to fewer than 135 new cars and trucks.

Spring Chrysler is now earning well but so are the other survivors. Industrywide per-store dealership profit has nearly tripled from 2008. The automakers are reaping record-breaking sales and the highest profits. Since 2008, the number of U.S. dealers has fallen.

This is the result of the reorganizations of Chrysler Group LLC and General Motors Co. and Ford Motor Co.’s restructuring out of bankruptcy. These are now translating to record sales and the highest profit in nearly five years. This permitted dealers to spend more on store renovations and to raise spending on local advertising. He said that the “business” is now in good shape just like has been for the past decades.

John Casesa, senior managing director at Guggenheim Securities LLC, said that the employment at vehicle and parts dealers has been increasing for the last 19 consecutive months, according to the Bureau of Labor Statistics in Washington. As of February, the industry employed about 1.72 million, from 1.61 million in February 2010. Brian Hamilton, principal of Chevrolet-Buick-Cadillac and Chrysler-Dodge-Jeep stores in Kearney, Neb., said that she hired at least 10 new employees recently.

Topics: united states, sales

If you liked the article, share on:


Login or Create new account to add a comment!


Nikola Motor’s hydrogen-powered semi-trailer truck is highly appealing with its many advancements but don’t expect it to arrive in the near future. In November 2016, Toyota announced the possibility of...
by - December 5, 2016
Usually, it is up to resourceful spy photographers to take clear pictures of vehicle prototypes, especially those that have aroused a lot of interest. The same is true for Project...
by - December 5, 2016
The much-anticipated debut of the new Wrangler will surely happen. As it approaches, we’ve gathered all the latest information released so far. Of course, most are expecting that the next...
by - December 5, 2016
Nissan has announced the pricing for its new commercial pickup line. So for those who have been waiting for Nissan’s official price list (plus a little more info), read on… ...
by - December 5, 2016
Sorry folks, the AMG-fied Mercedes-Benz X-Class will remain in the fantasy world. According to some news, the AMG big boss has finally spoken up about why an AMG X-Class is...
by - December 5, 2016

Youtube Channel

Tip Us
Do you have a tip for us?
Did you film an important event?
Contact us
Subscribe to our newsletter!