- Front Page
- Biz Tools
The Franchise Owner's most trusted news source
According to a study issued by the National Automotive Dealers Association, car dealerships finally grew in number – 66 in the first quarter of 2012. That's good news after 3,200 dealerships were forced to shutter their doors since 2008. The franchisee group reports that dealerships employed 933,500 last year compared to 892,300 in 2010.
Auto News reports:
Also on the road back to normalcy, GM says the vast majority of the 120 or so dealerships that were required to create fresh business plans and meet individual targets for 2011 to keep their franchises accomplished their objectives. And Ford Motor Co. says the owners of roughly 99 percent of the 1,712 Mercury dealerships in business at the time of Ford's June 2010 Mercury announcement have signed termination agreements.
For the survivors, things are getting better.