Sunday, April 11, 2010

Recovery? Good Luck With That.

Back in the days of the last big recession to his this area, I sold advertising to car dealers. Long about 1992, my territory generated around $2 million in revenue from the following stores:

Center Chevrolet-Geo
Holiday Olds-Mazda
Royal Chrysler-Plymouth
Kennedy Cadillac
San Bernardino Lincoln-Mercury
Somebody's Pontiac Jeep-Eagle
Somebody's Acura
Somebody's Hyundai
Somebody's Mitsubishi
Fairview Ford
Moss Bros. Dodge
Chuck Obershaw Toyota
Metro Nissan

I watched a lot of sales managers desk a lot of deals back in those days. San Bernardino was never a rich community. Lousy customer credit was always a problem, but the dealers, at least most of them, seemed to do OK.

Never did I think I'd see times like these. First, Uncle Sam closed Norton AFB, taking with it thousands of steady paychecks, both direct and indirect, that fueled car sales. The region grew, and with that growth came more competition in Ontario, Fontana, and Moreno Valley.

I, too, left for supposedly greener pastures for a few years.

Take a look at that list. Nine are gone. Only the last four still exist in one form or another. The manufacturers don't build Oldsmobiles or Pontiacs or Geos or Plymouths or Eagles any more, and Chevy, Ford, and Chrysler have a fraction of the market share they once did.

One thing for certain: while certain banks may be "too big to fail", that phrase doesn't apply to cities. Just look at San Bernardino. Or Detroit.

Thank God I don't sell advertising anymore, either.






1 comment:

Anonymous said...

I'm glad you don't sell advertising anymore either!XXXXXXXXXXXX