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Old 02-23-2009, 08:24 PM   #1
Join Date: Nov 2007
Posts: 14,869
Default California Honda Dealer lost $120K in January

While I was reading an article discussing the possible sales impact the California Sales Tax increase would have on vehicle sales, I was surprised to read the following quote:

"Whatever happens to us affects the local economy," said Alex Tissot, general manager of Colonial Honda in Glendale. He said his sales fell nearly 40% in January, and the dealership lost $120,000.

I've heard about several Domestic stores in the L.A. area that were losing $100K + per month but I was surprised to hear that a Honda store would be losing that much.

If just reaffirms my belief about the risks associated with high rent factors.

Here's a link to the news report: http://www.latimes.com/business/la-f...,2673075.story
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