Monday, February 23, 2009

Record: 881 U.S. Auto Dealerships Closed In 2008

A record 881 U.S. auto dealerships closed in 2008, with Detroit's three struggling automakers representing 80 percent of the decline, according to data released on Thursday. In the face of tight credit and a plunge in sales of cars and trucks, about 4.2 percent of the country's 20,084 auto dealerships shut their doors, according to data firm Urban

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