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Old 09-24-2008, 08:52 PM   #1
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* Bill Heard Chevy CLOSED *

Bill Heard Enterprises closes its doors


Scottsdale, AZ., Sept. 24, 2008 - According to Automotive News' Chrissie Thompson, Bill Heard Enterprises, the country's top Chevrolet dealer group, is closing the doors at all of its 13 dealerships at the end of business today, according to a person with knowledge of the situation.

The company notified the stores' general managers at 2 p.m. today, the source said, who spoke anonymously because he was not authorized to speak.

High fuel prices, cancelled floorplanning from GMAC Financial Services, a reliance on trucks and SUVs, a soft national economy and struggles in local markets had troubled the company, which on Sept. 12 closed its store in Scottsdale, Ariz.

In the end, the company could not raise operating capital and could not finance its floorplan, the source said. Company officials have discussed closing the company since Friday, the source said.

Bill Heard Enterprises, of Columbus, Ga., ranks No. 13 on the Automotive News list of the top 125 U.S. dealership groups, with 2007 group revenue of $2.13 billion.


More here: http://www.ajc.com/services/content/...xsvc=7&cxcat=6

GM plans to open these back up, though -
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Old 09-24-2008, 09:09 PM   #2
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duuuh duuuh duuuuh another one (or thirteen) bite the dust
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Old 09-24-2008, 10:06 PM   #3
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Local news said 27 dealerships nationwide....two of them in Houston. One of our members works at one of them. I just talked to him yesterday and showed him my pictures from Indy. Hopefully he will get on somewhere else.
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Old 09-24-2008, 10:17 PM   #4
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wow. i thought acottsdale was a high end of arizona? who woulda thought a dealership would close there?
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Old 09-24-2008, 10:22 PM   #5
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Scottsdale is the high end of Arizona. But looks at who's having all of economic trouble lately. ... High end companies.
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Old 09-24-2008, 10:49 PM   #6
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ugh!!!! This upsets me so much, they were my 2nd choice dealer and the ONLY dealer in Alabama listes on the MSRP or below page....
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Old 09-25-2008, 07:12 AM   #7
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The Sugar Land Location in Houston is not closed, we are just not operating under Bill Heard Enterprises. we are in the process of a buy sell. As far as I know the management and owners are changing, however I will be there.
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Old 09-25-2008, 07:20 AM   #8
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The Sugar Land Location in Houston is not closed, we are just not operating under Bill Heard Enterprises. we are in the process of a buy sell. As far as I know the management and owners are changing, however I will be there.
Good to hear David.....I just read that this morning somewhere....who is buying it?
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Old 09-25-2008, 07:28 AM   #9
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As stated in the post, GM plans to get these locations reopened asap, with new owners it appears. I feel for the people working there - hope everything goes for the best!
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Old 09-25-2008, 07:43 AM   #10
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I feel for the people working there - hope everything goes for the best!
+1, yall hang in there.
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Old 09-25-2008, 10:05 AM   #11
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The Sugar Land Location in Houston is not closed, we are just not operating under Bill Heard Enterprises. we are in the process of a buy sell. As far as I know the management and owners are changing, however I will be there.
That's good to hear! Looks like you guys had a good Aug with 233 new cars sold.
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Old 09-25-2008, 10:09 AM   #12
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The Sugar Land Location in Houston is not closed, we are just not operating under Bill Heard Enterprises. we are in the process of a buy sell. As far as I know the management and owners are changing, however I will be there.
Wow....I wonder how that is going to effect your dealerships Camaro allotment. Will it still be based on the sales of the previous owner or not? Will your dealership even get any camaros?
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Old 09-25-2008, 10:25 AM   #13
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Allocation will be annouced on the 13th too :-)
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Old 09-25-2008, 10:44 AM   #14
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Ha! Thank goodness.

If you dig deeper, Bill Heard dealers weren't exactly on top in business practice. Tons of Better Business Bearu complaints, government investigations and lawsuits in 2004 for several scams, shady dealing, GMAC financing revoked to them and the list goes on and on. I hope the new management learns from it and doesn't make the same mistakes they did.

On the brighter side, I am going to order for Camaro Scotty anyways and drive the beast back home.

Road trip
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Old 09-25-2008, 10:47 PM   #15
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dunno how that is going to affect our camaro allotment if it does at all. Also GM has bonus they payout @ year end....and its based on how many cars you sell that year. I had 110 up to July's numbers. I have no idea how that will affect my $$, training classes, etc. I might have to call GM tomorrow.
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Old 09-26-2008, 10:48 AM   #16
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dunno how that is going to affect our camaro allotment if it does at all. Also GM has bonus they payout @ year end....and its based on how many cars you sell that year. I had 110 up to July's numbers. I have no idea how that will affect my $$, training classes, etc. I might have to call GM tomorrow.
All of that will transfer for you. It is just like you quit and went to another GM dealership.
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Old 09-26-2008, 11:04 AM   #17
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Bill Heard Enterprises closes its doors


Scottsdale, AZ., Sept. 24, 2008 - According to Automotive News' Chrissie Thompson, Bill Heard Enterprises, the country's top Chevrolet dealer group, is closing the doors at all of its 13 dealerships at the end of business today, according to a person with knowledge of the situation.

The company notified the stores' general managers at 2 p.m. today, the source said, who spoke anonymously because he was not authorized to speak.

High fuel prices, cancelled floorplanning from GMAC Financial Services, a reliance on trucks and SUVs, a soft national economy and struggles in local markets had troubled the company, which on Sept. 12 closed its store in Scottsdale, Ariz.

In the end, the company could not raise operating capital and could not finance its floorplan, the source said. Company officials have discussed closing the company since Friday, the source said.

Bill Heard Enterprises, of Columbus, Ga., ranks No. 13 on the Automotive News list of the top 125 U.S. dealership groups, with 2007 group revenue of $2.13 billion.


More here: http://www.ajc.com/services/content/...xsvc=7&cxcat=6

GM plans to open these back up, though -

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Old 09-27-2008, 12:59 PM   #18
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All of that will transfer for you. It is just like you quit and went to another GM dealership.
Are you sure from what I can remeber, It does not follow you from store to store and every dealership does not participate in the program. I know that when I was on the floor and even now as a manager my perks did not transfer. I had to start all over.
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Old 09-28-2008, 09:35 PM   #19
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Sometimes good does defeat evil. Bill Heard (Good ol' Bill), had $50 MILLION in fines pending by the the State Attorney General's office for deceptive advertising and deceptive practices. Now I hope they shut down Ed Morse in FL.
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Old 09-28-2008, 09:44 PM   #20
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Are you sure from what I can remeber, It does not follow you from store to store and every dealership does not participate in the program. I know that when I was on the floor and even now as a manager my perks did not transfer. I had to start all over.
You are correct, they do not transfer. As for the bonus money, half is paid by the dealer and half by GM. Best of luck to you.
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Old 09-29-2008, 10:47 AM   #21
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I know that your training records will transfer. i thought that the $50 per new car transfered as well. Pretty sure you are screwed on the dealer match.
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Old 10-03-2008, 11:28 AM   #22
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The main reason Heard closed was due to their deceptive practices. They are notorious for bait and switch, sending out fake recall notices to try to get sales. There was a really big lawsuit that shut them down (including the economy of course too).
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Old 10-03-2008, 11:31 AM   #23
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is bill heard still alive? who ever was running the business and knew this stuff was going on should be kicked in the junk, not only does it make dealers look bad but chevy as well.
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Old 10-03-2008, 11:37 AM   #24
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The main reason Heard closed was due to their deceptive practices. They are notorious for bait and switch, sending out fake recall notices to try to get sales. There was a really big lawsuit that shut them down (including the economy of course too).
Yep, Bill Heard was run out of Nashville TN a couple of years back after an undercover news story was done showing how they ripped off their customers. They were HUGE crooks here in Mid TN.
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Old 10-03-2008, 05:07 PM   #25
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Yep, Bill Heard was run out of Nashville TN a couple of years back after an undercover news story was done showing how they ripped off their customers. They were HUGE crooks here in Mid TN.

Yep. I'm glad they're gone. News stories about them were crazy.
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