Apr 26, 201102:46 PMBlog

Lemons to lemonade

Apr 26, 2011 - 02:46 PM
Empty car lots sit by the waysides of the back roads in Western Washington. 

Tattered flags hang loosely, colors long faded, along the edges of small, shuttered dealerships around the South Sound's suburban hills.

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.


Edit Module
Bookmark and Share Email this page Email Print this page Print Feed Feed
Edit Module

About This Blog

Follow our blog for all the latest in local business news. To get the top local business news, subscribe to Daily Biz Briefs email newsletter. As a reader of this FREE email you get breaking business news each business day afternoon delivered right to your email inbox.



Atom Feed Subscribe to the Blog Feed »

Recent Posts