UK/US [updated 12:35BST]: Dealers face woe both sides of the pond
Franchised dealers - factory-authorised new vehicle outlets - will be the hardest hit of all used commercial vehicle retailers here in the UK with the slowdown in new vehicle registrations and the fall in residual values impacting on their already-dwindling profitability, used vehicle pricing specialist EurotaxGlass's said on Wednesday. Meanwhile, analysts Edmunds.com reckons car dealership profitability across the Atlantic is down 25% after new car sales slumped 20% and the National Automobile Dealers Association (NADA) urged the federal government to implement the US$700bn economic recovery plan as quickly as possible.
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