'I just don't see the downturn': What's behind the bravado of the St. John's car trade [CBC (Canadian Broadcasting Corporation)]
NISSAN MOTOR LTD S/ADR (NSANY)
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Source: CBC
'I just don't see the downturn': What's behind the bravado of the St. John's car trade Auto-trade veterans have been buying up land across the province There are thousands of cars sitting still on Kenmount Road, and it has nothing to do with the end-of-the-workday traffic that sputters up and down the hill. Look instead to car lot after car lot along one of the business streets in St. John's, where salespeople pull out the stops to put even more cars and trucks in motion. In the busiest times of the year, according to car trade veteran Doug Russell, there are as many as 5,000 cars along a strip he calls "dealership row," each of them waiting to be bought. Despite concerns about the local economy, chances are quite good that those vehicles will indeed sell. In fact, it's likely the size of the local trade will expand, too. Car dealers in the metro St. John's area have been quietly making huge investments in Newfoundland and Labrador's car business, buying more land to house more vehicl
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