Yesterday Chrysler released a list of 789 dealerships that will be closing due to their Chapter 11 bankruptcy restructuring. General Motors (GM), not yet in bankruptcy court, said today that they will begin notifying 1,100 “underperforming and low sales volume” dealerships “about their long term plans”. See the official press release HERE.
What do you think? Will a smaller network of dealers make Chrysler and GM profitable? Or will less dealers result in fewer sales?