Although news of car dealers closing is not a good sign for the state of the economy, it may mean savings for used car buyers across the country as many car lots will be overfilled with vehicles.<\/p>\n
According to Lang Marketing, at least 2,000 car dealers will shut their doors in 2009 with an estimated 32,000 dealer service bays also shuttering.<\/p>\n
However, the company said the exact number of dealer closings can fluctuate as some may shift to the growing used car market.<\/p>\n
Jim Lang, president of the company, said the shift will cause an increase in sales to independent automotive dealers and will be the largest change in the auto industry in about 60 years.<\/p>\n
“This is part of the greatest restructuring of the automotive aftermarket competitive landscape since World War II, which will extend over a number of years,” said Lang.<\/p>\n
The used vehicle market is already seeing growth as more Americans are turning to used cars as the recession continues. A recent survey from Cars.com found that 32 percent of car buys who would have normally purchased a new car in better economic times shopped for a used car instead last month.<\/p>\n
Find New York Used Cars<\/a> with New Jersey State Auto<\/a>.<\/p>\n","protected":false},"excerpt":{"rendered":" Although news of car dealers closing is not a good sign for the state of the economy, it may mean savings for used car buyers across the country as many car lots will be overfilled with vehicles. According to Lang Marketing, at least 2,000 car dealers will shut their doors in 2009 with an estimated […]<\/p>\n","protected":false},"author":4,"featured_media":0,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":[],"categories":[5],"tags":[],"yoast_head":"\n