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

Clarence Walker writes about how lawyers can write to show their expertise and showcase their skills to prospective clients and partners.
Although DirecTV was expected to release performance figures that were better than its competitors in the Pay-TV market, it was not expected to show a profit.
ISIS supporters sent death threats to Twitter co-founder Jack Dorsey and Twitter employees over blocked ISIS accounts. They posted a picture of Dorsey in the crosshairs of a gun.
A total outlay of Rs. 4486 cores have been proposed for the already sanctioned works of construction of new lines over N. F. Railway, 9% more than funds allotted for 2014-15.
Sleep related laryngospasm a rare condition causes people to jump out of bed from a deep sleep, choking and unable to breathe for several seconds.
Consumption of emulsifiers used in many processed foods such as ice cream is related to Inflammatory Bowel Disease and other conditions.

 

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