Ford Said To Trim Number of Dealers
August 15, 2006
In a move aimed at cutting costs and making selling a Ford a profitable venture, ford has announced plans to trim the number of dealers in 18 metropolitan areas.
According to the Associated press the news came from the annual dealership meeting in Las Vegas.
Ford is an exclusive partner of Sirius satellite Radio. This move by Ford is not a production cut, so the number of Sirius installs should not be impacted.
Article Excerpt:
APFord Seeks to Trim Number of Dealers
Tuesday August 15, 10:27 am ET By Tom Krisher, Associated Press Writer
Ford Plans to Trim Number of Dealers Amid Weaker Car and Truck Sales
DETROIT (AP) --
Ford Motor Co. said Tuesday it plans to trim the number of dealerships it has in 18 metropolitan areas across the country, blaming sliding car and truck sales for the decision.
Most of the metro areas are east of the Mississippi River, but the company would not identify exactly what markets would be targeted. Dealers were told of the effort at the company's annual dealership meetings, which wrapped up last week in Las Vegas.
"If you think about where we were in terms of sales and market share and where we are, you quickly realize that in certain markets, we have more dealers than our market share can support profitably over time," said company spokesman Jim Cain.
Ford has about 4,300 Ford and Lincoln-Mercury dealerships nationwide, and dealer profits ......have declined an average of 10 percent in the first half of 2006, the company has said.
Interested SSG readers can get the whole article
HERE8/15/2006 11:05:00 AM
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