Dealer scored when he won rights to distribute Datsuns in 22 eastern states. But Nissan bought back the rights before the company took off in the 1970s.
The decision could have been a gold mine for Luby. But it was not to be.
He and his father and their wives had visited Japan to work out the contract, and he was well positioned. The Luby family had been selling cars since the 1920s and owned dealerships in Boston, Cleveland, Florida and New York.Nissan, disappointed with the dealership operations, bought back the distributorship in the mid-1960s, when Luby estimated the 22 states had a couple hundred dealerships.
Luby happily moved on, building successful businesses in credit life insurance and warranty services before retiring in 2006.
You can reach Jeff Mortimer at (Unknown address).