Go Back   DealershipForum.com > Regional Forums > Southwest Region > Automotive Discussions

Notices

Reply
 
Thread Tools Display Modes
Old 07-08-2008, 10:09 AM   #1
XDCX
Administrator
 
Join Date: Nov 2007
Posts: 14,869
Default 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.
XDCX is offline   Reply With Quote
Old 07-08-2008, 11:35 AM   #2
XDCX
Administrator
 
Join Date: Nov 2007
Posts: 14,869
Default 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?
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
Santa Barbara Chrysler/Jeep/Dodge closes down XDCX Automotive Discussions 2 11-02-2010 09:27 AM
Bossier Chevrolet and Chrysler, Jeep, Dodge closes down XDCX Automotive Discussions 5 04-12-2010 02:57 PM
Geweke Chrysler Jeep Dodge closes XDCX Automotive Discussions 2 02-04-2009 10:53 PM
Hemet Chrysler/Jeep/Dodge closes down XDCX Automotive Discussions 0 01-11-2009 07:44 PM
Another Chrysler Dodge Jeep dealer closes its doors. nownzen69 Automotive Discussions 3 07-28-2008 07:28 AM


All times are GMT -7. The time now is 01:52 AM.


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