yeah, GM is in GREAT shape

http://online.wsj.com/article/SB123301033727117175.html

The nation's car dealers are bracing for the biggest shakeout in U.S.
franchising history.

Thousands of dealer-franchisees are threatened with losing their
businesses in coming months amid falling sales and uncertainty over the
future of Detroit's Big Three auto makers and their many brands.

Auditing firm Grant Thornton LLP's Detroit office predicts that 3,800 of
all of the country's 20,000 dealerships would need to close to maintain
sales per dealer at last year's level. General Motors Corp. alone
forecasts paring at least 1,700, or about a fourth, of its dealers by
2012 as it contemplates a restructuring.


(GM looking to shut TWENTY FIVE PERCENT of its dealer network. Yeah, SO
MANY people want SO MANY GM vehicles...)

 

In our area -- 25-30 miles -- there are 6 GM dealers. One just went out of
business and I should imagine more to come. If you look at Honda, there are
three dealers if you include Acura.