The recession has kept many Americans from purchasing new cars, and car salespeople who have traditionally depended upon commission sales have felt the pinch. In their scramble to ramp up meager profit margins, auto dealers have had to use inventive means to both remain profitable and keep their car salespeople happy. One way they’ve done Read on! →
Tag Archives: recession
In a move that will bring 2,000 jobs to the beleaguered state, construction will resume on the Mississippi Toyota plant in Blue Springs. The Associated Press reports that Toyota’s estimate is that the plant should be fully operational by the fall of 2011. It had originally been slated for completion in 2010, but the recession Read on! →
If you believe economic expert Peter Schiff, the U.S. economy is going to collapse again on Aug. 1, an economic collapse “worse than 2008,” reports Money Morning. There are numerous signs of economic growth that would seem to contradict Schiff’s prophecy, but tell that to some businesses related to the auto industry who are seeing Read on! →
Despite some of the positive sales signs that have flashed across the radar screen of the United States auto industry and auto loans landscape lately, economists wonder what could happen to the still-teetering auto industry if the current recession proves to be a “double-dip” or “w-shaped recovery” model. Will there be another government bailout if Read on! →
Those auto industry experts who see the glass as half empty when it comes to the recession may need to consider a change of tune, reports the Wall Street Journal. That’s because a TransUnion study has indicated that delinquency rates for consumer auto loans that are at least 60 days past due decreased significantly in Read on! →
With fear of a double-dip recession on the minds of auto industry executives, drastic measures have been undertaken that have sent shock waves through the once steady world of auto advertising. Where size and experience once guaranteed an advertising agency’s future business with automakers, now the same automakers are looking to shake things up as Read on! →