Word: dealer
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Dates: during 2000-2009
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...meet demand for bullets. Data from the FBI's National Instant Criminal Background Check System, which the industry uses as a proxy for overall firearms sales, are also revealing. From November 2008 through March 2009, FBI background checks, which are required every time a federally licensed gun dealer makes a sale, rose 29.3% over the same period a year earlier. In November alone, checks jumped 42%, to 1,529,635, the largest monthly total in the decade that the system has been in place. "Consumer demand is unprecedented," says Larry Keane, general counsel for the National Shooting Sports Foundation...
...company to be successful - and it's one reason GM is hemorrhaging cash. "We don't believe the rest of '09 will be strong. We are going to stay soft through the rest of the year," says Lars Luedeman, director of analytics at Grant Thornton, which follows the industry. Dealer inventories are approaching a 100-day supply; 60 days is more typical...
...administration is a subspecialty in the auto business that relies on precise language. When carmakers say three years and 36,000, they mean exactly three years and 36,000 miles. Any changes or extensions, while not uncommon because of pressure from state lemon laws, are reviewed by senior management. Dealers get some leeway but not much, and taking a car to an unauthorized repair center can effectively negate the warranty. "None of this is clear," said one dealer, referring to the many nuances of warranty work that are yet to be defined in the government's plan. He also noted...
...course, many Saturn employees and dealers hope for more than a sales boost. They want a white knight. "I've felt for more than a year that GM could not support the Saturn brand the way it should be supported," says Jay Cimino, a Saturn dealer who operates five Saturn Dealerships around Denver and Colorado Springs. "If we were spun off to the right people, it would be great," he adds...
...critics have argued for years that the company had too many brands and the return on the investment was negligible. However, Saturn did succeed in proving car dealerships could have friendly customer relations and a good reputation for customer service. Because of that, Cimino says, the Saturn dealer network could serve as ready made platform for an ambitious Chinese, European or Indian company...