Dealership Closing

LETTER TO THE EDITOR

My Saturn stores were profitable

12:01 am U.S. ET | June 29, 2015

My company, Lucas Dealership Group, owned and operated 30 new-car dealerships between 1960 and 2000, including six Saturn stores. GM wanted to purchase them back, and it was willing to pay a goodwill/blue-sky premium. GM knew Saturn dealerships were profitable and had faith in the future of the product....
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Where America met the Beetles

12:01 am U.S. ET | March 15, 2015

New Milford Volkswagen, one of America's earliest VW dealerships, is closing its doors in April, after nearly 65 years of operation at the site of a former Amoco station in rural western Connecticut....
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Porsche may close a few U.S. dealerships

12:01 am U.S. ET | Feb. 23, 2015

A handful of U.S. markets still have too many Porsche dealerships, Porsche Cars North America COO Joe Lawrence said, and the company may use its right of first refusal to close stores. But given Porsche's sales growth and the valuations of its dealerships, consolidation in those markets will be difficult....
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FIVE YEARS LATER

GM's loss, Hyundai's gain

12:01 am U.S. ET | Oct. 20, 2014

Stores targeted for closure by one troubled brand were snapped up by a rising brand....
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JERRY VITZTHUM: Out, in and then back out again

12:01 am U.S. ET | Oct. 20, 2014

Ask former small-town car dealer Jerry Vitzthum whether the auto industry is better or worse today than it was before the national economic crisis, and he shrugs....
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JAMIE LaREAU

BLOG: How to drive dealers back to Washington, D.C.?

2:03 pm U.S. ET | Sept. 26, 2014

Martens Volvo-Volkswagen were the first car dealerships in Washington, D.C. – and the last....
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