The massive stimulus and relief packages to help businesses hibernate during the coronavirus shutdown are doing little to protect the $55 billion car dealership industry, with many expected to collapse within months.
The car dealership sector is a behemoth. Until COVID-19 hit, it directly employed 55,000 workers including 4446 apprentices, paid $5 billion a year in wages, $2 billion in tax and collected $1.6 billion in duties.
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Adele Ferguson is a Gold Walkley Award winning investigative journalist. She reports and comments on companies, markets and the economy. Connect with Adele on Twitter. Email Adele at adele.ferguson@theage.com.au
