The serious drop in car sales caused a record number of dealer closures in 2009. The number of new car dealerships in the US dropped by 1,605 stores last year, leaving 18,841 dealerships standing. The news is not all bad however, as some new dealerships opened despite the recession.
Penske Automotive Group, which operates 310 retail automotive franchises, representing 40 different brands and 25 collision repair centers, just announced the acquisition of Audi and Volkswagen dealerships located… (read more)