Marine, auto dealers in the same boat

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The marine industry, by some estimates, has lost half of its jobs in this downturn, but the auto industry is taking an even harder hit.

Chrysler this week announced that it wants to eliminate nearly 800 dealerships around the country as part of its bankruptcy proceedings, and GM today is notifying 1,100 of its 6,000 dealers that it is terminating their contracts.

Chrysler executives said the company is trying to preserve its best-performing dealers and eliminate ones with the weakest sales. More than half of the dealerships being eliminated sell less than 100 vehicles per year and account for 14 percent of U.S. sales, according to a report by the Associated Press.

Click here for more on Chrysler.

GM’s move is part of a plan to cut 40 percent of its dealer network, according to a report on CNNMoney.com. The dealers that received notice are being told that their contracts will not be renewed in October 2010, according to the report.

Click here for more on GM.

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Comments

One comment on “Marine, auto dealers in the same boat

  1. Boatguy

    I absolutely empathize with the dealers.  But my former dealer/employer let me go because of “conflict of interest”.  several other dealers closed in the area and they felt threatened because I wanted to do a few winterizations near my home (20+ miles from the store location).  I was trying to earn extra money going into the holidays and try and get ahead on bills- because my hourly compensation thru billable commission and overtime had taken a considerable hit.  Typical big company- nope you messed up- your gone.

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