automobile industry

The Looming Crisis for the Auto and Powersport Industries

The Looming Crisis for the Auto and Powersport Industries

In an AutoNews article by Jennifer Vuong, the author interviewed Steve Kalafer who owns eight automotive dealerships in New Jersey. Kalafer discussed the current state of the automotive industry and issues he has experienced over the past 41 years. Key areas of concern Kalafer noted was the increasing amount of original equipment manufacturer (OEM) incentives and subprime loans.