I grew up in a small town, and thus the kids who’s parents owned car dealerships were always the ones who had the big houses out by the lake, the new car every other month, and of course the raddest hypercolor shirts.

Well, that was then…

A record 881 U.S. auto dealerships closed in 2008, with Detroit’s three struggling automakers representing 80 percent of the decline, according to data released on Thursday.

Yowza. More here. Strikes me as yet another sign that we haven’t bottomed out yet.