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Automotive News & Views Dude, where did all the dealerships go?
654 messages, Last post on Nov 23, 2009 at 7:56 PM
You are in the Automotive News & Views Forum. Your Hosts are steve_ & claires
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It's heartbreaking: US car dealer dies torching own vehicles Following the closure of his dealership a week earlier, Pennsylvania car dealer Gregory Graham died of a heart attack while torching new vehicles that remained on his lot. ....It was concluded that Graham, 61, died of a heart attack while he was burning the vehicles at his dealership in Ligonier, about 65km southeast of Pittsburgh. Graham was a third-generation dealer selling Buick, Pontiac and Jeep vehicles. His grandfather, Albert, started Graham Colonial Motors in the 1920s. Graham’s father, Charles, later took over. The dealership owed more than US$420,000 in 2008 federal tax liens and more than Us$11,000 in county property-tax liens, according to court records. http://www.caradvice.com.au/25419/us-car-dealer-dies-torching-own-vehicles/ I wonder if he did it out of anger or because they were insured and he owed money on them. It's a VERY bad time to be a new car dealer. 
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Replying to: nippononly (Mar 10, 2009 9:04 pm) |
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Replying to: nippononly (Mar 10, 2009 9:04 pm) |
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Replying to: lemko (Mar 11, 2009 6:22 am)
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Replying to: lemko (Mar 11, 2009 6:22 am) |
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Replying to: lemko (Mar 11, 2009 6:22 am)  I think the IRS and government meddling in business was probably his motivation. It is getting so much worse trying to go into any kind of business.
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Replying to: gagrice (Mar 11, 2009 8:46 am) |
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I guess if you're going to steal, this is the way to get the most bang for your buck: LA Times Article |
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With all of these cars piling up on Ships and is storage lots and at the manufacturers test tracks and parking lots what can the do? No one will pay MSRP for a 2008 if the credit doesn't open till 2010. They will not pay MSRP for a 2009. Not when the consumer knows there is a backlog of cars just sitting there getting older by the minute. But there is a double whammy if the dealers and manufacturers blink first. If you start unloading all that excess inventory, and there are plenty of Nissans, Toyotas and Hondas out there as well as domestics, and you price them as Nippon suggests at half price who will be in the market for a new car in the next three years? No one in their right mind will pay 28k for a new 2010 or 2011 Prius if they know there are more then enough 2009s sitting on the dock in LA. (the pictures have been posted.) Same goes with any model of any excess car. none of that will help the dealers however. |
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Replying to: boaz47 (Mar 11, 2009 3:18 pm) Gee, ya think? |
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