I should apologize

[RoadKill]

All this time I thought G.M. and Chrysler were run by ABSOLUTE MORONS to shut down franchised dealerships (THEY ARE THE FREAKIN CUSTOMERS ! ). But it turns out I owe them an apology...OTHER MORONS were in control!  The dealership buys and pays for the product and all necessary equipment for service PLUS they pay for training,part of warranty costs,maintaining a professional appearance and local advertising.They employ the entire sales department,service department,financing,body repair,local radio and T/V ads and they bring HUGE sales tax dollars to the state/county/city , They are not just customers they help move and maintain the product out of THEIR pocket!  Some one has NO IDEA how business works...so we let them run a country and "fix" the economy?  WTF????


http://www.washingtonpost.com/wp-dyn/content/article/2010/07/18/AR2010071802375.html?hpid=topnews

[Robert]

As with anything run by the government they need to get their heads out of their posterior and leave their hands off running business. I dont understand why no one is upset about social security nearly being bankrupt after they raped it. If I did in buisness what congress did to social security I would be in jail now serving a looooong time. Which if I had my way where anyone who voted to take money from these programs would be.

[Cruzen]

If the dealers had been paying for the cars on their lots, which would mean they were the "customer"  they would not have been shut down.   Had they not relied on the credit arm of the manufacture to finance their inventory they would not have been shut down. 

Those left alive have strong credit history.  Had they been paying for the cars before the 120 day float then they probably would have been left alone.  However. some dealers had credit issues brought on by a decreasing market demand and increasing costs to do business.that they could never have climbed out from under their financial responsibilities no matter what happened.

It did not surprise me that some of the dealers got shut down.  Some of their local suppliers had stopped providing them services due to outstanding credit issues.

[RoadKill]

If the dealers had been paying for the cars on their lots, which would mean they were the "customer"  they would not have been shut down.   Had they not relied on the credit arm of the manufacture to finance their inventory they would not have been shut down. 

Those left alive have strong credit history.  Had they been paying for the cars before the 120 day float then they probably would have been left alone.  However. some dealers had credit issues brought on by a decreasing market demand and increasing costs to do business.that they could never have climbed out from under their financial responsibilities no matter what happened.

It did not surprise me that some of the dealers got shut down.  Some of their local suppliers had stopped providing them services due to outstanding credit issues.

So then, WHO needed the "Bail out" ?

If dealers dont pay,they end up "on hold" and soon loose the franchise and probably bankruptcy soon follows. Then they are gone at their OWN hand and not some ignorant, spoiled politician! I know of several franchises that were lost because the other guy said he would buy a whole inventory if they made him the exclusive dealer. Some the brand just left the area all together. The ones that lost it were paid in full and trying to spend money for tax wright offs ! Now they are selling leftover inventory at used prices because GM/Chry wouldnt buy it back and wont finance the consumer from that location. AND THEY ARE BETTER OFF with the competitions (ASIAN brands) newly awarded franchise !

[Varmintmist]

If the dealers had been paying for the cars on their lots, which would mean they were the "customer"  they would not have been shut down.   Had they not relied on the credit arm of the manufacture to finance their inventory they would not have been shut down. 

Those left alive have strong credit history.  Had they been paying for the cars before the 120 day float then they probably would have been left alone.  However. some dealers had credit issues brought on by a decreasing market demand and increasing costs to do business.that they could never have climbed out from under their financial responsibilities no matter what happened.

It did not surprise me that some of the dealers got shut down.  Some of their local suppliers had stopped providing them services due to outstanding credit issues.

Wrong.

I know for a fact that Crysler wacked small dealerships in favor of ones that produced more. Their financial stability had nothing to do with it, only volume. It didnt matter if the dealer was above board, they wacked them because they couldnt bring in big dollars every month.
The dealer that CNN interviewed when Crysler cut their throats is my cousin. My uncle started that dealership and ran it for as long as I knew him. They kept customers by doing the cust service the big boys wouldnt and ran the operation like a real small buisness.