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Automotive News & Views Dude, where did all the dealerships go?
650 messages, Last post on Nov 08, 2009 at 5:47 PM
You are in the Automotive News & Views Forum. Your Hosts are steve_ & claires
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Replying to: lemko (Dec 29, 2008 5:29 pm) GM is targeting a 25% reduction in the number of its dealers by 2012, but that will still be more than double the number of Toyota dealers, just to compare an automaker of comparable annual sales volume. I could EASILY see these GM dealerships being repo'ed and closed up as part of a behind-the-scenes plan at GM. PS this really sucks: Eckenhoff, who leases the land here, said he was working on a deal to save his franchise. Meanwhile, he hopes GM agrees to buy back from GMAC his new cars for the same price he paid. He also hopes GMAC gets good prices at auction for his used cars. If GMAC gets less than what Eckenhoff paid, he will owe GMAC hundreds of thousands of dollars - if not more Poor guy, it's like when your car is repo'ed, only multiplied by 50 or 100! 
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Replying to: lemko (Dec 29, 2008 5:29 pm) |
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Replying to: gagrice (Dec 29, 2008 6:12 pm) Won't they just sell them to a different dealer? They can still be sold as new, just like any car fresh from the factory.
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Replying to: nippononly (Dec 29, 2008 6:14 pm)
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Replying to: gagrice (Dec 29, 2008 7:20 pm) |
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Replying to: gagrice (Dec 29, 2008 6:12 pm) Well, that worked in the old days when the margins were a lot better for each dealer, and the roads were crappier so driving 25 miles to get a better deal wasn't a realistic option. These days the margins are a lot lower so dealers have to move more product to compensate, which drives them into ruinous competition with each other. |
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We should see whole lots full of highly discounted cars. The 2008s that didn't sell can't be sold for what they will have to discount the 2009s and by 2010 those 2008s and even the 2009s should discounted way down.
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Replying to: boaz47 (Dec 29, 2008 8:10 pm)
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Replying to: gagrice (Dec 29, 2008 8:57 pm) When Mercedes dealers get this desperate, how bad must it be for the Ford and GM dealers?
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Replying to: nippononly (Dec 29, 2008 10:45 pm) I don't do trade-ins. I will put it on Craigslist and I will get what I want or keep it. I think if gas stays cheap another couple months people will buy it. Still the best vehicle Toyota ever built. Ask what the sales managers of most Toyota stores buy. The Sequoia is Number One choice. The 2007 was so much better looking than the 2008. I look at Auto Trader and they are rare in 4X4 Limited. The few listed by dealers are priced over what I paid new. Most have more miles than mine also. I have not passed 8000 miles yet. Even getting a great deal on a Mercedes I would have to keep it. I don't think it will hold its value like a Toyota. |
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