Business news digest


Vehicle sales remain slow

YOUNGSTOWN — Vehicle sales in the Mahoning Valley continue to be slow.

Dealerships in Mahoning, Trumbull and Columbiana counties sold 1,006 new vehicles in February, compared with 1,751 in the same month last year, said the Automobile Dealers Association of Eastern Ohio. The top-selling vehicles were the Chevrolet Malibu with 63 sales, then the Chevrolet Impala and Chevrolet Cobalt, each with 40.

Dealers sold 3,837 used vehicles last month, compared with 4,064 in February 2008.

Cedar Fair tries to sell 3 amusement parks, more

SANDUSKY — Cedar Fair Entertainment Co. is trying to sell three of its amusement parks along with the site of the former Geauga Lake park in Aurora as a way to pay down its huge debt.

North America’s third-largest amusement park chain announced Monday that it was considering selling Worlds of Fun in Kansas City, Mo., and Valleyfair near Minneapolis. The company has been trying for more than a year to sell California’s Great America in Santa Clara, Calif., to John and Denise DeBartolo York, owners of the San Francisco 49ers, for parking at a proposed football stadium.

Cedar Fair, based in Sandusky, Ohio, took on a huge debt in 2006 with its $1.24 billion acquisition of Paramount Parks Inc.

Vindicator staff/wire reports

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