Friday, January 30, 2009

GM and Chrysler

GM and Chrysler are urging there dealers to buy more cars even though there lots are full right now and they are having trouble moving the inventory they have. They are pushing the dealers to take these cars because they can recognize them as revenue as soon as they leave the plant, it does not matter to the manufacturer's revenue if the car actually lands up being bought by an end consumer or not. The manufacturers are pushing there dealers so hard to buy right now because they only have to march 31 to prove to the government they can be viable companies. If they fail to do this they may be forced to pay back the billions of dollars in bail out money they received late in 2008. If this happens GM and Chrysler will almost certainly be forced into bankruptcy.
so what are the auto dealers around the country suppose to do, do you risk your dealerships financial well being by bringing in additional inventory that is moving very slowly to help out the manufacturer. Or do you continue to order cars as you need them and risk the manufacturer going out of business. These are questions i pose to you readers of my blog.

Thursday, January 29, 2009

Welcome to the official blog of Promote Your Dealership

Hi Everybody,

I run an e-commerce store that sells promotional products to auto dealers around the country ( check the store out at www.promoteyourdealership.com ). Over the years i have taken many phone calls about the products we sell and the conversation always seems to turn to the state of the economy and the state of the auto industry. this blog will be dedicated to discussing the state of the auto industry and will also contain coupon codes and product reviews of the products sold on our website.