Porsche closing dealers.
12-01-2009, 08:21 AM
#3
Rennlist Member
Porsche of Lexington did close officially on 12/1. They (some of the guys at Porsche of Lexington) indicated their would be others, but I haven't heard of any yet.
12-10-2009, 03:50 PM
#5
Rennlist Member
They assume (just like GM) that the same number of people will still buy cars from them, raising the volume at the remaining dealers. No one makes money with low volume.
12-19-2009, 01:50 PM
#6
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Be careful when using the term "weak dealers". I know of several "strong" dealers that both GM and Chrysler shut down (one of the Chrysler dealers was on the National Dealer Council of all things).
01-05-2010, 10:26 PM
#7
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Champion went chapter 11, right?
I heard that a few other from big groups were an inch from chapter 11.
It would be interesting to get a follow up of brankrupt and closed dealers.
I heard that a few other from big groups were an inch from chapter 11.
It would be interesting to get a follow up of brankrupt and closed dealers.
