Silicon Valley car dealers shut doors
At his dealership in Los Gatos, John Moore sits, both literally and figuratively, in the middle of a depressing time for Silicon Valley car dealers. Moore Buick-Pontiac-GMC is a three-generation, family-owned dealership on Los Gatos Boulevard. To the store's right are the remains of Swanson Ford, which closed in 2006 and was destroyed in a fire on Sunday. To the showroom's left is Los Gatos Chevrolet, which locked its doors for good on Tuesday. "Two years ago, I was saying I never saw business conditions like this," Moore said. "Unfortunately, car dealers are the most optimistic entrepreneurs in the world. We keep hoping it's going to get better, but it keeps getting worse."
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