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Article: Toyota Revs Longo but Galpin skidding: domestic dealerships consolidate as imports drive sales.(AUTOS)(Company rankings)
- Article from:
- Los Angeles Business Journal
- Article date:
- August 27, 2007
- Author:
CopyrightCOPYRIGHT 2007 CBJ, L.P. This material is published under license from the publisher through the Gale Group, Farmington Hills, Michigan. All inquiries regarding rights should be directed to the Gale Group. (Hide copyright information)
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Camry, Corolla, Prius.
They are not only three of the five best-selling cars in Los Angeles, but also a huge reason why Longo Toyota in El Monte has been the nation's largest automobile dealership for more than a decade.
But as the massive 64-acre dealership basks in the prosperity of Toyota Motor Corp., many of its competitors are not fating so well.
Galpin Ford, the North Hills dealer that had long held the No. 2 ranking on the list of L.A.'s top auto dealerships, slipped into the third spot for the fast time in more than 10 years. Its new car sales dropped 17 percent over the last year. Longo, meanwhile, saw its sales climb 6 percent in that ...