At 22:59 04/05/2012, Mike Spencer wrote:
OTOH, here in (what many central Canadians think of as) Canada's
hillbilly Ozarks, in my local market town, 5 auto dealerships have
recently built brand new, flashy buildings or had major structural
and cosmetic upgrades to existing ones. What should I infer from
that?
You can infer that there is increasing competition between the eight
or nine world-wide car and truck makers. (And the Chinese car makers
have hardly begun to market and manufacture abroad yet.) Some CEO
said recently that there's only room for four or five
altogether. Profit margins, even of the more successful ones, are
already too thin for comfort. I wouldn't be surprised if Hyundai,
Kia and Nissan are three of the dealerships in your home town. (The
South Koreans in particular take the principle of competition so
seriously that even though Hyundai and Kia have a large overlapping
ownership and share many chassis, engine and other components they
compete against each other in the market place as fiercely as against
anybody else.)
Keith
Keith Hudson, Saltford, England http://allisstatus.wordpress.com
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