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Traffic down at dealers, along with inventories
Traffic down at dealers, along with inventories
Posted Wednesday, Aug 26, 2009, 11:33 am in Employee News
With cash for clunkers over, traffic slowed at auto dealerships yesterday, as expected; but dealers say the gradual recovery in sales they saw at the beginning of the summer will resume soon, along with inventories, the Automotive News reported.
“Obviously, there’s a meltdown,” Ron Tonkin, whose 17-store dealership group in Portland, Ore., will post its best new-vehicle unit sales month ever in August, told the publication. “I would expect it’s going to be a very quiet month compared to the biggest-volume month we’ve ever had.”
The cash-for-clunkers program spurred July’s U.S. light-vehicle sales to an 11.1-million-unit sales rate, the highest since last September, the paper said. Analysts say August’s rate will be even higher, the story said. Consumers’ last day to do a cash-for-clunkers deal was Monday. Dealers must submit requests for reimbursements by 8 p.m. today. (Automotive News)
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Rick
Nitro Year: 2007 (1 of 113,000 sold)
Nitro Model: R/T 4X4 Stone White
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