I drove by today and saw only a handful of used cars. What’s up?
Their used car lot is across the street where Swiss Chalet used to be years ago right?
That is Glen Campbell Suzuki now… Not too many used cars over there either.
In his Chevy lot there are probably a dozen used cars… I’d be worried.
From what I overheard from a conversation at Fiamma over the weekend is that GMAC owns all the MSOs on their cars and in order for them to sell any car THEY have to go to the bank for approval each time. I’m guessing they are in some serious trouble.
no used cars = no working capitol.
Exactly. What happened to some of the very large chevy dealerships down south, was GMAC locked the doors on the dealership, and brought their own security company to repossess all of the cars.
Maybe they’re just taking a holiday.
They have no working capitol which is what I was trying to get at basically.
Yeah, first thing a dealership wants to own is their used car and parts inventories. When you start lacking in one of the two, its serious business.
le sigh
CAPITAL