
Car sales plunged during the 1973 oil embargo when people lined
up to buy gas. They fell again in 1981 when interest rates rose to 20
percent.
But nothing compares to this downturn, said H. Carter Myers III,
President and Chief Executive Officer of Carter Myers Automotive, a
family-owned business. "I've been active in the business for 44 years
and have never seen anything as challenging as this..." Read More (PDF)