Colorado car dealers slashing jobs amid slump
DENVER, Colorado ” Colorado car dealers say they’re laying off workers because sales are plummeting, and they want Congress to step in to keep U.S. automakers afloat.
Tim Jackson of the Colorado Automobile Dealers Association says new-car sales in Colorado are expected to drop between 20 percent and 25 percent this year.
He estimates that the dealers have slashed staff by about 10 percent this year, with many of those cuts coming on Friday and Monday.
Car dealers say if the automakers go under, they would take more jobs and even some dealerships with them.
The dealers association says the automotive retail industry accounts for nearly 30,000 jobs in the state and generates more than $418 million in revenue for state and local governments.