07-08-2008, 10:09 AM | #1 |
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Whittier Chrysler, Jeep, Dodge closes down
News reports indicate that Whittier Chrysler, Jeep, Dodge has closed its operations.
Here's a link to the news report: http://www.whittierdailynews.com/news/ci_9749551 According to the news report the dealership had been losing money for the past year and the Dealer Principal made the decision to close the dealership. |
07-08-2008, 11:35 AM | #2 |
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Are there any buyers for Domestic Stores right now?
Whittier Chrysler, Jeep, Dodge is another example where a Dealer Principal makes the decision that it's cheaper to close a store down than it is to continue to operate it at a loss.
When I read about these closings, I alway wonder - are there any buyers for the Domestic Stores right now? It will be interesting to hear from Lithia's Management Team during the Conference Call later this month to hear what their plans are for selling 10 - 15 under-performing dealerships. Will they be able to find buyers in this market? |
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