An auto dealer survives the onslaught

Full Story At money.cnn.com

NEW YORK (CNNMoney.com) — The Manfredis were among the fortunate ones Thursday, avoiding Chrysler’s ax as it struck down nearly 800 dealerships across the nation.

“I’m one of those lucky dealers … who will remain a dealer,” said Corrado Joe Manfredi, who owns 11 dealerships with his son Nick in the Staten Island borough of New York City.

Joe believes that his prominence on the island has allowed him to survive. But it’s hard to feel lucky these days. Over the last year, the Manfredis and other dealers have weathered the toughest sales environment since the Great Depression.

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