10-20-2011, 08:09 AM | #31 | |
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10-20-2011, 11:02 AM | #32 |
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I agree with you 100% and there's little question in my mind that the level of exposure Chrysler Financial had played a big role in determining whether a Chrysler dealer lived or died when the OLDCO list was being generated.
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10-20-2011, 11:08 AM | #33 |
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DealerEx is exactly right. Look at the 2 extremes:
Tacoma Dodge- High Volume dealer who owned there own dirt and paid cash for there inventory no floorplan- Terminated Zangara Dodge- A ponzi disaster, had been defunct for some time prior to BK- NewCo assumed his Executory Contract i.e. Franchise ...Only In America |
10-21-2011, 07:24 AM | #34 | |
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I refused to sign this, and so did my father who had a 1971 franchise agreement.. When the AMC dealers were absorbed in 1987, many of them as well refused to sign the revised agreement giving the right to arbitration away. This would also explain as well why many older dealers got tossed when Chrysler had the chance to void the old agreements in BK. |
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10-21-2011, 07:59 AM | #35 |
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Your right rd3311. We did not sign either, our agreement went back to "Rambler" 1956.
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10-21-2011, 08:33 AM | #36 |
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Agree to disagree I guess for me We own everything free and clear were not cut. Then 2 years force us to build a new place to get Dodge still don't understand. We are no longer a dealer anymore anyways. on our TERMS.
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10-21-2011, 10:38 AM | #37 |
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We too, were a Rambler Dealer, and had the OLD agreement.
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10-21-2011, 12:06 PM | #38 | |
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Zangara Dodge is the perfect example - there was no reason why a dealership that was closed should have been moved forward to NEWCO. |
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10-21-2011, 03:59 PM | #39 |
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I wasn't suggesting that it was a factor in every case...but in situations where they had to decide between 2 or more dealers in an area, if they felt they were at risk to lose money because one dealer carried a substantial debt while another had little or none, it would certainly be a factor they would have looked at. In another situation I'm familiar with, they closed 3 separate dealerships in the same town...all of which had been dealers there for 27 to 42 years, and had no debt. 30 days later they awarded all three franchises to a former chain dealer who agreed to build a new $$$ Millenium facility. Knowing that all of the terminated dealers had plenty of assets, they didn't have to worry about one of them saying, "OK, you're stealing my business? Well here are the keys to all YOUR cars...I'm out of here and I'm not paying you another cent on anything I owe you!"
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10-23-2011, 06:29 PM | #40 |
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Just came across this you tube video, about half way through it check out Peter Grady's comments about violation of the franchise laws. I think this was shot almost 1 year ago. http://www.youtube.com/watch?v=Gy0DJ_yXoF4
Last edited by Jeff Duvall; 10-23-2011 at 09:04 PM. |
10-23-2011, 08:34 PM | #41 | |
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10-23-2011, 09:03 PM | #42 |
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I did puke
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11-10-2011, 07:39 AM | #43 |
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11-11-2011, 08:54 PM | #44 | |
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11-12-2011, 09:18 AM | #45 | |
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Also, I would argue that the manufacturer is far better served by investing its capital in developing new products in this rapidly changing environment as opposed to tying it up in retail real estate and facilities which, for the most part, have, for the time being, lost a good deal of value. |
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