Washington, DC – Paul Taylor, chief economist, National Automobile Dealers Association (NADA) sat down with Lou Ann Hammond, CEO, www.carlist.com.

We talked about dealerships going under and which states will be hurt the most, for the longest.

What happens when real estate goes down, car sales go down and the state’s tax base go down?

Which auto manufacturers can make it back the quickest?

Will consumers have to start saving and be more responsible?