Apr 26, 201102:46 PMBlog
Lemons to lemonade
Large, lonely showrooms loom vacant at the corners of former city Auto Mall boulevards. It's the wreckage of the automobile industry. Yet, amid the carnage of unstable sellers finally toppling into oblivion, some dealerships have emerged bigger and better. And they're predicting nothing but a sunny future ahead.
One such optimist is Vicky Giles Fabre, executive vice president of the Washington State Auto Dealers Association. She said that new cars, in particular, are positioned to sell well during the next few years.
"We predict that the new-vehicle market improves, likely a 10.9 percent increase, which follows a 5 percent increase last year," Giles Fabre said. "That also means that new retail, like vehicle registration, will rise and positively affect our local communities."
What's expected to spur future new-car sales are two factors: pent-up demand and the large number of used vehicles currently on the road.
Click here or pick up the April 18 edition of BE to read more.