Bill Heard Enterprises dealership in Sugar Land, Texas, appears to have closed.
The store had remained open after others closed on Sept. 24. On Thursday, Sept. 25, a woman who answered the dealerships phone said the store was under new ownership. She did not know the stores new name or the name of its owner, she said.
But calls to the store during regular business hours today were routed to an after-hours answering machine for Bill Heard Chevrolet.
None of the Heard dealerships is operating, attorney Robert Rubin said at the bankruptcy hearing Monday, Sept. 29. Rubin is a lawyer representing Bill Heard Enterprises.
Bill Heard Enterprises was the worlds top-selling Chevrolet dealership group until it closed its 13 remaining stores last week. The company filed for Chapter 11 protection last week in U.S. Bankruptcy Court in Decatur, Ala., aiming to liquidate Bill Heard Enterprises within 45 days.
Bill Heard Enterprises ranked No. 13 on the Automotive News list of the top 125 U.S. dealership groups, with 40,781 new vehicles sold in 2007. It posted 2007 group revenue of $2.13 billion.
April Wortham contributed to this report