More Tough Times Ahead For Car Dealerships

Stingy credit and a shortage of used cars will put a double whammy on dealers.

For automakers, 2010 should bring some stability, with total U.S. sales of about 12 million vehicles and most carmakers turning the corner to profitability.

New-car dealers, however, will go through another rough year. Lenders’ tightfistedness will make it tough for businesses and consumers to spring for a new set of wheels, despite vehicle prices being about the same as last year’s.

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Associate Editor, The Kiplinger Letter