NewsBlaze search box 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 Assam State Disaster Management Authority (ASDMA) said in its report that a total of 5,76,537 persons in 1,071 villages in 19 districts are affected by the flood.
Katia Vaz, as seen on the hit show Dancing With the Stars, opens up the doors of her private dance school in Hollywood to very special VIPs.
The reason for this change in the dalue of devaluation is the greater integration of countries like China into the world economy.
According to Secretary Kerry, in 2014, at least 329 humanitarian aid workers around the world were victims of major attacks, more than 100 were kidnapped, scores were wounded, and 120 died in the service of millions of people in need.
Philip Kapneck celebrates 40 successful years as Maryland Trade Ambassador. Governor Marvin Mandel first appointed Philip Kapneck to the post in 1974.
The former Soviet Union country will hold its next presidential election in October, with Lukashenko running for his fifth term.

 

NewsBlaze Writers Of The Month


Popular Stories This Month

newsletter logo

NewsBlaze
Copyright © 2004-2015 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