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Smart Shopper My Salesperson Misled Me
2121 messages, Last post on Jan 31, 2009 at 12:28 PM
You are in the Smart Shopper Forum. Your Hosts are kirstie_h & tidester
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Replying to: mikefm58 (Sep 24, 2008 5:26 pm)
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Replying to: traindriver (Sep 25, 2008 8:26 am)
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Replying to: imidazol97 (Sep 25, 2008 3:57 pm) I would love to think so -- but I doubt it. I imagine that Detroit will turn a blind eye a gazillion times when you are #1 in the country. That's a lot of rear ends burning gas in GM products. I tend to believe that it was probably mostly financial with their reputation as icing on the cake at best. Most articles that I have seen blamed the problems on the economic downturn. cut & copied from various articles: According to its Web site, Bill Heard sells “around $2.5 billion” a year and employs more than 3,500. Dealer "Bill Heard Enterprises" has been a target of the Georgia Governor's Office of Consumer Affairs. That office was seeking more than $50 million in penalties for deceptive marketing and alleged signature forgery, but that suit will fall through if the company declares bankruptcy. The biggest Chevy dealer in America, Bill Heard Enterprises, is shuttering 13 dealerships including one in Plant City.
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Replying to: traindriver (Sep 25, 2008 6:54 pm) A good friend commented that a builder in his area has their model home in foreclosure. A large lumber supplier went bankrupt midweek as two builders filed. I may not have the number right but one builder owed them more than $500,000; the other was similar. I suspect this is happening all over the country, hence the nervousness in Washington. I see that paralleling Heard's problems along with lots of consumer complaints and improper selling techniques.
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Replying to: imidazol97 (Sep 25, 2008 3:57 pm) Bill Heard defrauded GMAC, thats why they closed. GMAC wouldn't floor them or allow it's financing to be used. |
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Replying to: volvomax (Sep 26, 2008 6:59 am) Where did you read that? That would make the most sense of anything that has happened, but I had not read that.
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Replying to: madmanmoo (Sep 26, 2008 8:24 am) I spoke w/ someone in the know.
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Replying to: volvomax (Sep 26, 2008 8:26 am) |
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Replying to: volvomax (Sep 26, 2008 6:59 am) GMAC wouldn't floor them or allow it's financing to be used Why wouldn't they just switch to someone else for floorplan. I worked at a dealership that was with wells fargo, and am currently with one that uses GMAC. With all the employee pricing i haven't done a single deal with GMAC because their rates aren't worth giving up a rebate, so it wouldn't be that big of a deal not to use their financing. You said you know someone who worked there, did they shed anymore light on the subject?
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Replying to: imidazol97 (Sep 26, 2008 5:02 am) |
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