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Market incentives and subsidized leases were implemented to help sales which was crucial to keeping the plants operating at capacity, which in turn drove a significant portion of the Michigan economy. [21] These promotional strategies, including rebates, employee pricing and 0 percent financing, have boosted sales but have also cut into profits.
Checker was the eighth-largest American auto supplier to go bankrupt in recent years. GM and Chrysler followed Checker's bankruptcy just several months later. In February, Checker asked the U.S. Bankruptcy Court for Western Michigan to reject its contract with 125 union workers and eliminate health care and pension benefits for 176 union retirees.
In the used car market in the United States and Canada, buy here, pay here, often abbreviated as BHPH, refers to a method of running an automobile dealership in which dealers themselves extend credit to purchasers of automobiles. [1] Typically, purchasers of cars at BHPH dealerships have poor credit history, and loans have high interest rates. [1]
Officially, the U.S. 12 Heritage Trail Garage Sale is known as "Michigan's Longest Garage Sale." It spans eight counties from Detroit to New Buffalo.
Flint, Michigan is a city which previously relied on its automotive industry, and still does to an extent. Over the past several decades, General Motors plants in Genesee County have experienced re-namings, management shifts, openings, closures, reopenings, and spinoffs.
With annual sales of over US$350 billion, the used vehicle industry represents almost half of the US auto retail market and is the largest retail segment of the economy. In 2016, about 17.6 million used cars and trucks were sold in the United States, and 38.5 million were sold worldwide. [4]