Of Dealership Troubles and Electric Cars

A couple of interesting tidbits in Automotive News. Seems auto dealers in the U.S. recorded their worst profits ever in 2008, a mere 1.0 percent of sales. And that’s after a net profit of only 1.5 percent in 2007. Kind of hard to keep that up for too long.

Also interesting was a brief interview with VW CEO Martin Winkerhorn in which he said that the “era of safe and affordable electric cars for everyday use ‘is very, very far away.'” Winkerhorn told Automotive News that internal combustion engines will be the primary powerplant for cars for at least the next 15 to 20 years.

About National Oil & Lube News

National Oil & Lube News is the fast oil change industry's oldest and largest trade publication. Started in 1986 by Steve Hurt (a former fast lube owner) and David Arrington, NOLN has grown and evolved right alongside the fast lube industry. Here at NOLN, our aim is to help fast lube operators with every facet of their business, from operations to technical issues. Our monthly magazine and this regularly updated website contain everything from technical tips, recall announcements and service guides to articles on handling customer complaints, building your brand and making your business the best it can be. With tips and advice from experts both inside and outside the industry, you're sure to learn something that can help your fast lube business grow and prosper.
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