Daily News header

Current List of Closing Car Dealers

By  

Already in bankruptcy, Chrysler has announced it is closing a lot of dealerships and, being a matter of court and public record, this list is available on the Internet here.

GM, which is closing close to 1,100 dealerships by letting their contracts lapse in a year or two, won't release that list, perhaps can't release it for legal reasons.

Therefore, of course, partial confirmed lists are circulating on the Web.

The Huffington Post is one of the sites maintaining and updating a "confirmed" listing of dealers who have gotten the bad news.

One reason it isn't being announced is rumored to be that GM is likely to enter bankruptcy as soon as this week and that would allow the company to drop dealers virtually without notice as Chrysler has done - sticking the owners with the vehicles.

Since the bankruptcy judge could void any contract, there is no guarantee that even those dealerships which have gotten the termination notice for when their contract runs out will actually get that grace period.

Keeping an eye on these lists is important, not just for local businesses, charities, and workers who will find their economic situation influenced by closure of such major businesses.

It is also a guide to those looking for bargains since dealers with only a few weeks or days left to clear inventory or be stuck with them and forced to sell without factory incentives will have enormous incentive to cut list prices by 20 to 30%.

John McCormick is a reporter, /science/medical columnist and finance and social commentator, with 17,000+ bylined stories. Contact John through NewsBlaze.

  Please leave a comment here     If it does not display within 10 seconds, please refresh the page

Related Top Stories News

The Karbi Cultural Society was constituted and responsibility for research and development of ethnic culture of the region was vested in this committee. Taralango was developed as a center for artistic exercise.
A new study has revealed that more women are getting breast augmentation surgery in Liverpool than in any other part of the country.
In this district where rural medical acces is still primitive, quacks and illegal medical stores have mushroomed in Mailu, Langsakham, Watijor, Howaipur and in areas adjacent to Howaipur rail station.
William Dalrymple, author and co-Director said that this year's programme will achieve this better than ever and it looks like a particularly vintage year.
Food waste has become the single largest category of waste in the United States and the U.S. Department of Agriculture (USDA) and the Environmental Protection Agency (EPA) are trying to reduce it across the country
Sanctions may follow but today the FBI says it has proof of North Korea attack on Sony despite massive misdirection.

 

NewsBlaze Writers Of The Month


Popular Stories This Month

newsletter logo

landing page ad

NewsBlaze
Copyright © 2004-2014 NewsBlaze Pty. Ltd.
Use of this website is subject to our Terms of Service and Privacy Policy  | DMCA Notice               Press Room   |    Visit NewsBlaze Mobile Site