May 13, 2009

Wanna buy a parking lot?

I was shocked to hear last night that some three thousand GM and Chrysler dealerships will be closing, with the list expected this week. America is a big place, but that's a lot of empty asphalt with plastic flags flying from light poles. In Prattville, just north of Montgomery, one Chrysler dealer decided not to wait. Victory Chrysler Jeep Dodge pulled the plug on Friday and gave staff a last paycheck. The Advertiser reports this morning that at least a part of that business will rise from the financial ashes soon. GM officials say the process of closing the dealerships will be much slower, taking a year or so to complete. But if you know a dealership is closing, how comfortable will you be buying a car from them?

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