Ford Dealerships Closing
01-29-2009, 04:14 PM
#11
4th Gear Member
Join Date: Oct 2006
Location: CA
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That I did not know. Here's a link to a news article. I was actually going to plug Novato Ford in my last entry, looks like their competition just went down by one... After Swanson Ford shut down, it took me ages to find another Bay Area Ford dealership I trusted (Fremont, "Friendly", Capitol, you can keep them all...). I hope that Novato and San Francisco Ford (owned by the same guy) can stay in business...
Chris.
Chris.
01-29-2009, 04:44 PM
#12
3rd Gear Member
Thread Starter
Join Date: Jul 2008
Location: Rimrock, AZ
Posts: 505
mike
01-30-2009, 05:37 PM
#16
1st Gear Member
Join Date: Aug 2008
Location: CA
Posts: 124
So here's a question - when these dealerships go under, especially suddenly like San Rafael Ford, what happens to the cars? A dealer "owns" the cars right, although possibly on borrowed money. I guess they go to auction, right? Or are new cars treated differently? Someone, somewhere will be trying to recover the equity in these unsold vehicles, and that means there could be some *stellar* deals around. I think this type of auction is dealer-only, but in this environment, I wonder just how hard it would be to sign up and go pick up a Saleen, Roush or GT500 for a song...
Chris.
Chris.
01-30-2009, 08:09 PM
#17
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Join Date: Jun 2006
Location: SF Bay Area
Posts: 9,235
I think SR Fords cars were "Ford" owned, and probably went back to a warehouse somewhere or distributed among other dealers???? Novato Fords cars are already owned by the dealer and is doing quite well.
Jazzer
Jazzer
01-30-2009, 11:19 PM
#18
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Join Date: Mar 2006
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Depends on the dealer. I know when the ones in my area closed they did auction them off in one day. GT's sold for "slightly" under cost which wasn't that great of a deal. If you had the cash in hand it was okay, but if you had to finance it wasn't that good.
01-31-2009, 12:05 PM
#19
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The largest Ford Dealership in our area has closed it's newest store. It was built less than two years ago in Bullheadcity, AZ close to Laughlin,NV. The employees were either laid off or sent to work miles away from where they now live probably without compensation for the extra travel!
Seems as though it had huge losses and the owner may even lose the property due to the economy.
It's too bad because I had started taking my Saleen there for service because I had been lied to too many times by the one here in Kingman, AZ.
Have any of you guys seen any of this happening in your areas?
mike
Seems as though it had huge losses and the owner may even lose the property due to the economy.
It's too bad because I had started taking my Saleen there for service because I had been lied to too many times by the one here in Kingman, AZ.
Have any of you guys seen any of this happening in your areas?
mike
I need to check my window sticker but that might be the dealer where my car came from.
the nearest dealer to me closed. Mel Clayton ford in central phx. same dealer was around for 70 years. they closed/retired sold part off.
bill heard chevy closed down there store.
01-31-2009, 01:12 PM
#20
Banned
Join Date: Apr 2006
Location: Goodyear, AZ
Posts: 1,631
So here's a question - when these dealerships go under, especially suddenly like San Rafael Ford, what happens to the cars? A dealer "owns" the cars right, although possibly on borrowed money. I guess they go to auction, right? Or are new cars treated differently? Someone, somewhere will be trying to recover the equity in these unsold vehicles, and that means there could be some *stellar* deals around. I think this type of auction is dealer-only, but in this environment, I wonder just how hard it would be to sign up and go pick up a Saleen, Roush or GT500 for a song...
Chris.
Chris.
When the credit crunch really hit, GMAC stopped all GM dealer financing.....flooring. At this point, dealers have to pay for the new cars on the lot! (or if possible, find finance somewhere else)
I posted awhile ago on Ford closing dealers. It has been going on for some time. An interesting tidbit...... A friend's cousin was a top accountant at Ford, retired a few years ago. Ford called/hired him back to head up closing of dealers across the country. As what exactly happens to the cars, not sure. Parts inventory go back to Ford or if the dealer has a sister owned store, goes there. Shop equip. , racks, lifts, etc. are sold at auction.
Check this out.........The world has WAY to many new cars right now!
