The Quebec automobile dealers expect to live a fantastic year 2009. Several of them even expect to leave their skin.
"There will be a consolidation in the industry, and many dealers are worried," said the Sun yesterday the CEO of the Corporation of Automobile Dealers of Quebec (CCAQ), Jacques Béchard.
Since the beginning of the month, at least four dealers have closed their doors in Quebec while analyzing several other options, says Béchard.
It must be said that in Quebec, auto sales are going very well. For the seventh consecutive year, the industry expects to surpass the 400 000 new sales.
"Some dealers in Abitibi and North Shore beat record sales. We can not say that things go wrong with us, "says the chairman of the CCAQ.
But now. The financial problems of major North American manufacturers (GM, Ford and Chrysler) will inevitably have consequences in Quebec. "We expected a lot of turbulence in the coming months," says Mr. Béchard.
Of the 855 dealers and 35 000 employees in Quebec, more than a third have banners GM, Ford and Chrysler. It includes a merger between GM and Chrysler would have an immediate effect on the distribution of these manufacturers.
Mr. Béchard recognizes that several dealers closures could occur, while projects would also be possible combinations.
In recent weeks, two Ford dealerships in the same locality have decided to join forces, an issue to confront jointly the next storm in the industry.
A beginning? Yes, if we believe data from the last "big" tornado collected by the industry. During the recession of 1982, the corporation had seen the number of dealers move to Quebec of 825 to 640 (-185) in less than two years.
At that time, sales of new vehicles were then plummeted by 22% from 369? 000 in 1979 to 224? 000 in 1982.
Aid Applications
To expect to spend through this next crisis, CQAF has joined its voice yesterday to his colleagues from Canada to request financial assistance measures the federal government.
Dealers hope that the Harper government put pressure banks to restore access to liquidity for both consumers and retailers of vehicles, taken with heavy inventories in their backyard.
"There will be a consolidation in the industry, and many dealers are worried," said the Sun yesterday the CEO of the Corporation of Automobile Dealers of Quebec (CCAQ), Jacques Béchard.
Since the beginning of the month, at least four dealers have closed their doors in Quebec while analyzing several other options, says Béchard.
It must be said that in Quebec, auto sales are going very well. For the seventh consecutive year, the industry expects to surpass the 400 000 new sales.
"Some dealers in Abitibi and North Shore beat record sales. We can not say that things go wrong with us, "says the chairman of the CCAQ.
But now. The financial problems of major North American manufacturers (GM, Ford and Chrysler) will inevitably have consequences in Quebec. "We expected a lot of turbulence in the coming months," says Mr. Béchard.
Of the 855 dealers and 35 000 employees in Quebec, more than a third have banners GM, Ford and Chrysler. It includes a merger between GM and Chrysler would have an immediate effect on the distribution of these manufacturers.
Mr. Béchard recognizes that several dealers closures could occur, while projects would also be possible combinations.
In recent weeks, two Ford dealerships in the same locality have decided to join forces, an issue to confront jointly the next storm in the industry.
A beginning? Yes, if we believe data from the last "big" tornado collected by the industry. During the recession of 1982, the corporation had seen the number of dealers move to Quebec of 825 to 640 (-185) in less than two years.
At that time, sales of new vehicles were then plummeted by 22% from 369? 000 in 1979 to 224? 000 in 1982.
Aid Applications
To expect to spend through this next crisis, CQAF has joined its voice yesterday to his colleagues from Canada to request financial assistance measures the federal government.
Dealers hope that the Harper government put pressure banks to restore access to liquidity for both consumers and retailers of vehicles, taken with heavy inventories in their backyard.
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