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Downturn is hurting cities' car dealerships

Ventura County auto dealerships are reeling from the spillover of a nationwide economic collapse that is forcing them to consolidate or close.

Business has fallen off so severely that cities — the ones that rely heavily on sales taxes generated by new- and used-vehicle purchases — are bracing for reduced revenue.

A grim picture emerged last week from the auto dealerships in Thousand Oaks, said Gary Wartik, the city's economic development manager.

"I had a conversation with some of the major dealers in the auto mall, and sales were down to levels not seen in at least a dozen years," he said.

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Friday, Oct. 10, 2008
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