Auto sales are down, but not at Colonial Auto Center. That’s according to an AP story that quotes Colonial’s president Kip Rowe, who says that sales of foreign brands will save his company from lower February numbers than it posted in the same month last year. (Ford and GM models are selling much worse for Rowe, and nationally.) Overall the auto business is expected to be down 7 percent compared with a year ago—one more piece of evidence that a recession is indeed upon us.
Previous "This Just In" articles from this week:
UVA ranks No. 2 in undergrad business schools [February 29]
Money makes second place not so bad
Van Halen reschedules concert [February 28]
Band will play JPJ on March 11
National angst clouds our “sound” local economy [February 28]
Annual Chamber of Commerce survey reveals business owners are both positive and uneasy
Mountain lion terrorizes Crozet [February 27]
Women and children fear
NFL backs down from Jesus [February 26]
Churches can show 2009 Super Bowl on large screens
