I agree that it's sad to see another rural store close, but the circumstances in this case seem somewhat odd.
As I understand it the dealer has been losing money for the past three years and now his capital level has decreased to the point where VW Credit has pulled his floorline. If he was selling 205 new cars in 2012 with a very low overhead I'm surprised he was losing money.
Granted, the Dealer indicated his new car gross has dropped from $1,800/unit in 2001 to about $180/unit last year but it still seems like there's something missing to the story. It appears that the Dealer is taking responsibility for the closing and he's not blaming anyone. Part of me thinks if he had reached out earlier on he probably would have been able to save the store.
That said, I don't know the market or the situation and the end result is sad regardless.
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