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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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Heard a story on NPR this week that GM still has over 6000 dealerships, and that about 4800 would be ideal for the brand. Only a bad economy can force a dealer to close - GM cannot. It's in GMs best interest for about 1200 more dealerships to fold. |
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Bill Gates raises AutoNation stake to 12.2% (South Florida Business Journal)
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Rider Auto files for bankruptcy (Centredaily.com) "STATE COLLEGE — Declining sales and revenue have forced one local car dealership to file for Chapter 11 bankruptcy." |
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Replying to: steve_ (Dec 05, 2008 10:09 am) 
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Apparently, another dealer is a casualty of the economy: Eckenhoff Cadillac-Buick-Pontiac-GMC in Jenkintown, PA apparently closed doors sometime within the last month. I went to the PetSmart for food for my cats and I look across the street and see his lot devoid of cars or any sign of life. I feel really bad because Mr. Eckenhoff seemed like a really nice guy. I never bought a car there, but I often went there for parts for my 1988 Buick Park Avenue and 1989 Cadillac Brougham as his dealership was closest to me. My local chapter of the Cadillac-LaSalle Club had shows there in 2006 and 2007. |
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Replying to: lemko (Dec 08, 2008 10:10 am) Still, GM needs a lot more like him to go out of business. I STILL say I would like to see Congress help the auto industry suppliers and the folks like Mr. Eckenhoff with the transition to 1 U.S. automaker rather than throw billions of dollars at GM and Chrysler.
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Replying to: nippononly (Dec 08, 2008 1:05 pm) |
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"To help dealers temporarily, the national auto dealers' group is seeking access to a Small Business Administration low-interest loan program, which dealers used in the 1980s for greater access to working capital. They're unlikely to receive such access this month, but it's been discussed as a potential piece of a Democratic economic stimulus package early next year. Many dealers are also eager for the tightness in the credit markets to ease, noting that their biggest problem is a clampdown on loans to potential buyers in recent months. "Washington doesn't need to give dealers anything," said Mike Charapp, a Virginia attorney who represents car dealers in the Southeast. "They need to do some things to open the credit taps." Auto dealers, business dead, say they deserve help, too (McClatchy)
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