Dealership Closing

The Battle for Billings

A Montana dealer fights to reopen his terminated Chrysler-Jeep store

12:01 am U.S. ET | Feb. 24, 2014
Nearly five years after Chrysler terminated his Billings, Mont., Chrysler-Jeep store, along with 788 other dealerships around the country, Steve Zabawa believes he is on the threshold of reopening. If it happens, he will be one of a small band of Chrysler dealers in the country to pass from termination to reinstatement to reopening.... Read More »



Study: 3,800 stores could disappear in U.S. by 2020

12:01 am U.S. ET | Jan. 20, 2014
Dealers considering whether to plan their succession now should know this: Manufacturers are looking to consolidate the dealer body. A study by Roland Berger Strategy Consultants says the dealer network in the United States is not sustainable, and 3,800 stores -- just over one in every five outlets -- could close by 2020 if ownership is not consolidated into fewer and larger dealership groups.... Read More »



The psychological price of buying and selling stores

12:01 am U.S. ET | Dec. 23, 2013
Emotions can play as powerful a role in selling a dealership as dollars and cents do. Many brokers and buyers now recognize the importance of managing a seller's emotions. They hire trained people or train themselves to help sellers who have decided to sell their dealerships.... Read More »


4 ex-Chrysler dealers' claims dismissed by federal judge

5:54 pm U.S. ET | July 23, 2013
A federal judge today dismissed the final claims of four rejected Chrysler Group dealers who won the right to return to business through arbitration but failed to reopen their stores.... Read More »


GM plays musical chairs, roils Chattanooga market

12:01 am U.S. ET | June 24, 2013
The turmoil is finally subsiding in the Chattanooga market four years after the national economic crisis and the bankruptcy of General Motors. But getting the car business back in order in this mountainous market of 350,000 people has been a game of musical chairs.... Read More »


If market goes sour, buying can prove costly

12:01 am U.S. ET | June 3, 2013
There are some downsides to real estate ownership that can make leasing desirable. In the mid-2000s, many dealers were "coerced by the manufacturers into overbuilding" new stores or making store improvements, says Mike Issa, California managing principal of financial advisory firm GlassRatner Advisory & Capital Group in Irvine, Calif.... Read More »


2 congressmen ask Treasury for details on 2008-09 dealership closures

2:36 pm U.S. ET | May 21, 2013
Two congressmen -- one a former Ohio auto dealer and the other a Pennsylvania new- and used-car dealer -- have asked the U.S. Treasury Department to release materials detailing how General Motors and Chrysler dealerships were selected for closure during the 2008-09 restructuring.... Read More »


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