Jon Stewart on GM

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Closing Auto Dealerships

There's lots of angst right now in the wake of GM and Chrysler announcing sweeping cuts in the number of new car dealerships they intend to carry forward on their treacherous climb to profitability.

I empathize with those workers and the families that will soon be jobless and wish them good luck in finding whatever is next in their career path.

That said, this little table from CNNMoney.com says everything that needs to be said about why these draconian measures are needed. Look at the Sales per Dealership column.

GM notifies 1,000 dealers they're out