Word: carly
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Dates: during 2000-2009
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Chrysler and GM will force 2,000 car dealerships to close. This event has elicited a great many opinions from industry experts. The consensus is that the most damage to the car companies will come from the anxiety facing potential customers who may buy automobiles at these dealers and expect to have them serviced there. The car buyers will not want to drive long distances in order to find a dealer who sells the brand that they want. They will buy a Toyota (TM) or some other brand because they know that continued service is virtually assured. They...
...very low-priced new cars are added to the most depressed market in decades, it will create a nearly perfect way to destroy sales for The Big Three just as new models for 2010 are being introduced. It is hard enough to attract new buyers to the car showrooms without having an auctioneer from Sotheby's down the block taking rapid fire bids on Jeeps and Pontiacs. This will just increases the panic that car buyers feel about the reliability of their local dealers. In order to sell newer models, dealers will have to offer deep discounts and incentives...
...car industry will hit a post-bankruptcy tipping point around Labor Day. Chrysler will be several months into its Chapter 11, and, unless there is a miracle like one seen at Lourdes, GM will be in court within two or three weeks. It will appear to the public that the car industry is burning to the ground. Desperate dealers offering prices that defy logic will only heighten the sense that the American car business is just hanging on to the ledge...
...through the fiction that certain costs are "fixed." The typical family spends $1,303 a year on electricity; by simply unplugging appliances when you're not using them, you can shave 5% to 10% off that bill. And when was the last time you shopped for cheaper car insurance? It's an expense that's out of sight most of the year but a significant chunk of what we spend...
...first 100 days, President Barack Obama has had to address such issues as torture, pirates, increasing unemployment, trouble in the Big Three car companies and corruption on Wall Street [May 4]. And yet for the first time in a long while, I have seen Americans begin to have hope for a stronger America. Congratulations, Mr. President, for giving Americans something they were seeking and sorely lacking. Anthony P. Johnson, PHILADELPHIA...