Goodman Chevrolet closing this month
A 37-year-old New Ellenton automobile and recreational vehicle dealership is going out of business.
Goodman Chevrolet and Coachmen Inc. announced Thursday that it is closing because of slumping auto sales, the economic downturn and the age of the owners, Charles and James Goodman.
The going-out-of-business sales for cars on the lot will begin next week, according to a statement from the Goodman brothers. The RV liquidation will begin Nov. 17.
"Lots of people have stopped in just to say that they were saddened to see us close up and to give us their well wishes," Charles Goodman said.
The Goodman service manager, Anthony Shaw, will open an independent auto service business, Anthony's Automotive, on the property.
Oil prices drop down to nearly $60 a barrel
HOUSTON --- Oil prices neared $60 a barrel Thursday, their lowest point in about a year and a half, as a growing number of economic reports point to a long and painful recession.
Light, sweet crude for December delivery fell 7 percent, or $4.53, to settle at $60.77 a barrel on the New York Mercantile Exchange. Prices tumbled as low as $60.16 at one point, a level last seen in March 2007.
In London, December Brent crude fell $4.44 to settle at $57.43 on the ICE Futures exchange.
Oil prices have now fallen nearly 60 percent since peaking at $147.27 a barrel in mid-July.
And despite a government report showing storage levels in the U.S. rose less than expected last week, prices for natural gas fell. Predictions of a cold winter have pushed up natural gas prices.
-- Edited from wire reports
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