Dealership Closings Update

Retail consulting firm Urban Science has told Automotive News that about 3 percent of U.S. dealerships will close this year, far less than the 8 percent that closed in 2009. The firm estimates 1,603 dealerships closed last year, and an additional 258 dealerships closed between January 1 and July 1. Most dealership closings are concentrated among GM dealerships and Lincoln/Mercury dealerships, with GM attempting to pare its dealer network to around 4,500 (from its 2008 level of 6,200) and Ford closing out the Mercury brand and moving Lincoln sales to existing Ford dealerships. Urban Science estimated that many of the 270 stand-alone Lincoln/Mercury dealerships will accept settlement deals with Ford.

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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1 Response to Dealership Closings Update

  1. This is great news for the quick lube. Even more reason to stay on top of what maintenance these vehicles will require.

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