Kate Linebaugh writes in the October 28, 2008, Wall Street Journal that with the credit crunch and new vehicle sales on track for a 25 year low, the National Automobile Dealers Association (NADA) estimates 700 new-car dealerships will close this year.  This is up from 430 last year.

The markets most vulnerable to dealer closings are California, which has the most dealers of any state, followed by Texas, Pennsylvania and New York.

Read the Full Article Here.


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