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A total wreck is No. 10 ranked automotive ($1.8T, +8%; with $8.1B to print, -8%). After a nearly 40% drop in unit sales, and a four- to six-month inventory sitting on the lots, this industry will have to jump start from the dealer back to the auto maker. Up to 5,500 car dealers will rev up for their lives as the “Big 3” abandon them.
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Vincent Mallardi
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Vincent Mallardi, C.M.C., is a the chairman of the Printing Brokerage/Buyers Association International (PBBA) and is a Certified Management Consultant in the paper, printing and converting industries. He is also an adjunct professor in economics. Contact him via email at vince@pbba.org
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