Tough Times For Central Kentucky Car Dealerships

It's a frightening scenario.

Some of the country's biggest auto makers going out of business, leaving millions without jobs.

With the slumping economy, some lawmakers say this is a very real possibility, unless the government steps in with a bailout plan.

General Motors, Ford, and Chrysler are all struggling right now. They're seeking billions of dollars to stay afloat.

General Motors has warned it may run out of money within months.

That has GM dealerships in Central Kentucky worried about the future.

Despite deals and specials, many car dealerships, like Sutherland Chevrolet in Nicholasville, say profits are down as much as 40 percent from this time last year.

While car sales are down, many dealerships, like Sutherland, say they're keeping afloat with other goods and services.

But Sutherland has already laid off 15 percent of its workers, and it's also had to cut pay.

Other dealerships say they're on their toes, hoping something positive happens soon.


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Comments are posted from viewers like you and do not always reflect the views of this station.
  • by DOUG Location: LEXINGTON on Nov 13, 2008 at 10:57 AM
    I WENT TO A DEALER HERE, LAST WEEK AND THEY WANTED OVER $1,000.00 OVER MSRP. MOST OF THEIR HONDAS WERE MARKED UP $1,000.00 OVER STICKER. I DO NOT FEEL SORRY FOR THEM AT ALL.
  • by Stephen Location: Wilmore on Nov 13, 2008 at 08:04 AM
    I hope our tax money is NOT used for automakers' bailout. Let them go through what the rest of us business owners would when if we mismanage ourselves. The only cure for the automakers is to rid itself of the UAW who are responsible in large part for the broken back of the industry. The other contributors are rude service when you want to purchase a vehicle, excessive prices for the vehicles and for repairs and parts, and the failure of the "big 3" to produce a quality product. Quality in words mean nothing to the consumer when the vehicle you buy depreciates by 30% when you drive it off the lot. And don't forget congress' failure to properly deal with the foreign market imbalances. When will they learn that just because their paycheck is a guarantee, ours is not?
  • by sorry on Nov 13, 2008 at 08:02 AM
    I don't get service at dealerships because they charge 4 times what the item cost somewhere else. They also take advantage of people. It is hard to find a honest dealer on Nicholasville Road.
  • by Joey Location: KY on Nov 13, 2008 at 04:04 AM
    This is happening because people are finally learning how to and needing to live within their means. The days of buying a new car every two years because you want the latest and greatest is over. I hate to see people lose their jobs but the car buying to keep up with the Jones' and for a status symbol are done with.

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