Newspaper article from our research archive:

Auto leases suspended for most vehicles

DEARBORN - After a pricing competition that has hurt dealerships' bottom lines, GM and Chrysler have suspended leasing programs for many cars across the country.

Local sales consultants say that the problem has become as big in Michigan as it has anywhere else, if not worse, because of the prevalence of leases leading to big losses. But it also is a nationwide problem.

'"It was a strange decision, they never really said any announcement, all we know is that GMAC had posted $25 billion loss directly involved with leasing,'" said Sammy Cheito, a sales and lease consultant at Superior Pontiac Buick on Michigan Avenue in Dearborn.

But despite the abrupt decision, Cheito said he knew something ...

Related newspaper, magazine, and journal articles:

See all results. Or, try our Advanced Search.

Newsweek Harper's Magazine The Washington Post Chicago Tribune Crain's Chicago Business PRNewswire Pediatric News The Nation Advertising Age The Economist (US) A FREE trial gives you access to over 60 million articles! Access over 3,500 publications with a FREE trial!