Go Back   DealershipForum.com > Domestic Franchises and Independent Dealers > Chrysler > Sales

Notices

Reply
 
Thread Tools Display Modes
Old 03-07-2009, 09:07 AM   #1
ssdd
Senior Member
 
Join Date: Feb 2008
Posts: 1,046
Default Real Or Rumor?

I heard from a viper customer in Las Vegas that Chapman Las Vegas Dodge was pad locked and security guards where walking around... anyone know for sure?

Last edited by ssdd; 03-07-2009 at 09:18 AM. Reason: I cant use the internet
ssdd is offline   Reply With Quote
Old 03-07-2009, 09:52 AM   #2
XDCX
Administrator
 
Join Date: Nov 2007
Posts: 14,869
Default Desert Dodge is closed

Your source is correct, Desert Dodge in Las Vegas is closed.

In fact, we had a thread about the closing in the Regional Section - Click here

I thought it was strange that AutoNation would close down one of their stores in that fashion. It appears they didn't provide their customers or their employees any advance notice.

The spokesperson for AN makes it sound like this was all part of Project Genesis. Perhaps it was, but from what I read Las Vegas is really struggling right now.
XDCX is offline   Reply With Quote
Old 03-07-2009, 09:59 AM   #3
ssdd
Senior Member
 
Join Date: Feb 2008
Posts: 1,046
Default

I thought autonation was supposed to be doing alright?
ssdd is offline   Reply With Quote
Old 03-07-2009, 10:16 AM   #4
XDCX
Administrator
 
Join Date: Nov 2007
Posts: 14,869
Default

Quote:
Originally Posted by ssdd View Post
I thought autonation was supposed to be doing alright?
That's what I thought too. AN has one shareholder, Eddie Lampert, who now owns over 45% of the company. He's been adding shares even though the stock price has continued to fall. Part of me thinks he must know what he's doing, and then the other part reminds me that he's the "mastermind" that put together the Sears/K-Mart merger.

I haven't read the details yet, but it appears that AN closed another Chrysler store in Texas in the same fashion they closed Desert Dodge.
XDCX is offline   Reply With Quote
Reply

Thread Tools
Display Modes

Posting Rules
You may not post new threads
You may not post replies
You may not post attachments
You may not edit your posts

BB code is On
Smilies are On
[IMG] code is On
HTML code is Off

Forum Jump

Similar Threads
Thread Thread Starter Forum Replies Last Post
Property Taxes and Commercial Real Estate Values XDCX Automotive Discussions 4 07-16-2010 03:36 PM
So, now the latest merger rumor is Fiat.... XDCX Sales 10 01-25-2009 11:27 PM
Real Nut Jobs of the OC Rod Barajas Automotive Discussions 9 03-01-2008 09:55 AM


All times are GMT -7. The time now is 10:06 PM.


Powered by vBulletin® Version 3.8.5
Copyright ©2000 - 2024, Jelsoft Enterprises Ltd.
Copyright DealershipForum.com - 2008 - 2016