GM to close dealerships - Camaro5 Chevy Camaro Forum / Camaro ZL1, SS and V6 Forums

GySgtUSMC · 05-13-2009, 08:11 PM

Quote:

GM, facing a U.S. government-imposed deadline of June 1 to restructure or file for bankruptcy, is expected to send termination notices to up to 2,000 dealers -- a third of its roughly 6,000 U.S. dealers, the sources told Reuters.

What about the cars on order

Ranger 75 · 05-13-2009, 08:15 PM

Quote:

Originally Posted by GySgtUSMC

What about the cars on order

Hey Gunny! My guess is they won't shut down right away and if they do they will deliver orders at a surviving dealer in the area.

nards444 · 05-13-2009, 08:19 PM

this has been debated before. But here are the basics. They would do CH 11 not a CH 8. Is closing doors and debts pawned off your business seized to exsist. CH 11 is where the court decides the fate of your bad debts and you clean house. These are the basics, dont quote me on more than that. Now theres speculation if it will affect production. CH 11 is more of formailty then reality their production wouldnt stop. But some say outside suppliers wouldnt supply parts on a credit basis to GM, thus slowing production. In my opinion GM will have cash to buy parts, or the GM name will keep them in the graces of suppliers.

kdoske · 05-13-2009, 08:19 PM

yes but at what cost? I wonder how these other dealers will honor your agreement for MSRP...

Smokintires · 05-13-2009, 08:25 PM

Quote:

Originally Posted by kdoske

yes but at what cost? I wonder how these other dealers will honor your agreement for MSRP...

Hes right they would/could charge a couple grand over MSRP. The people that have the Camaro right now are so lucky, that they don't need to worry about this.

nards444 · 05-13-2009, 08:35 PM

i think people speculating on this is what acutally drives this kind of thing up. And if they deicide to do it, then buyers shouldnt buy them, they would learn real quick. The idea of the camaro wasnt to charge above MSRP it was to offer an affordable car for everybody that beats both the stang and challenger. The Camaro was not built for a few to hoard and for the rich to have, GM has the Vette for that. Nor has the camaro ever been built for this reason.

tcotrel · 05-13-2009, 08:36 PM

GM should be lowering the ax on its dealers this week. Does anyone have a list or information on such?

Sean_W · 05-13-2009, 08:39 PM

I feel safe with mine. It's a Cadilac/chevy dealer. They just built a completly new complex and showroom. They do a lot of good bussiness. They are also known for good honest bussiness.

Smokintires · 05-13-2009, 08:41 PM

Quote:

Originally Posted by nards444

i think people speculating on this is what acutally drives this kind of thing up. And if they deicide to do it, then buyers shouldnt buy them, they would learn real quick. The idea of the camaro wasnt to charge above MSRP it was to offer an affordable car for everybody that beats both the stand and challenger. The Camaro was not built for a few to hoard and for the rich to have, GM has the Vette for jthat. Nor has the camaro ever been built for this reason.

I didn't mean that GM would charge 10G over MSRP I meant like 2-3G. If they charge over MSRP why would you asume that this car would be for the rich?? It has never been "built" for this reason because we didn't have these economic conditions in the camaro's history. And please DO NOT QUOTE ME! it was just my 2 cents.

sandrr · 05-13-2009, 08:45 PM

l think there is a good chance they will go belly up. My wifes car was suppossed to be built the end of April but who knows. l know she wants the camaro and l hope the dealership stays alive but if not lotsa other cars that are nice too. Prob will know by the end of the month. Dont care to drive a foreign owned make anyway. Go ahead pile on it is how l feel.

LabRat · 05-13-2009, 08:47 PM

Quote:

Originally Posted by kdoske

yes but at what cost? I wonder how these other dealers will honor your agreement for MSRP...

Contract.

delius · 05-13-2009, 08:47 PM

My dealer is not being terminated ...YAAAAAY

Its not that GM is just putting a blindfold on and pointin on a map

They are looking at how fast dealers move cars. But the thing i don't understand is that most dealers are all privately owned...you pay for the name and you pay for the car from the factory...the only money GM makes immediately is the dealer bought cars. If dealers didn't buy cars from them..GM would be broke. When a dealer buys more cars...GM is happier. I don't understand the reasoning behind the dealer closings. Also dealer employees are not considered official GM employees...I asked a friend's dad if he could get me family and friends pricing...he said that this is usually reserved for GM factory workers and corporate employees.

GM...bite the bullet and hang in there. If you release your dealers...your are getting rid of the amount of demand. Some people don't want to drive 1-2 hours to another city to dump 20k+ into something.

What you need to do is lower pay grades

Also...If obama wants any of these guys to survive...you need to get rid of double taxed funds. This is rediculous...does not make sense to tax it every change of hands.

The government is going to be so desperate for revenue this next couple years and they are going to rape both small and big businesses...you can expect to see rising gas prices....lame...In fact...Obama said that my state's gas tax rate is TOO low...WTF TOO LOW!?!?!?

Now virginia has upped thier driving infraction quota that they need to reach. OMG...do you how much your have to pay to just walk into court...In Davidson County...its 120 dollars to just sit in front of a judge...Justice becomes crippled when it is motivated by money

Smokintires · 05-13-2009, 08:48 PM

Quote:

Originally Posted by sandrr

l think there is a good chance they will go belly up. My wifes car was suppossed to be built the end of April but who knows. l know she wants the camaro and l hope the dealership stays alive but if not lotsa other cars that are nice too. Prob will know by the end of the month. Dont care to drive a foreign owned make anyway. Go ahead pile on it is how l feel.

There's nothing wrong with foreign cars i used to have a 2001 BMW 328i. I wish you luck and I hope your dealership doesn't close.

joepitt · 05-13-2009, 08:48 PM

Quote:

Originally Posted by GySgtUSMC

What about the cars on order

The Chevy dealer near me service department is horrid. They used do also have Buick, but it moved to the Pontiac/GMC dealer down the road about a year ago. I'm hoping they move the Chevy franchise to the now Buick/Pontiac/GMC dealer doing work on my Buicks since they will lose Pontiac next year. The current Chevy dealer also has Toyota at the same location.

05-13-2009, 08:35 PM	#6
nards444 Drives: 1SS/RS Black Join Date: May 2009 Location: New york Posts: 2,123 View My Garage	i think people speculating on this is what acutally drives this kind of thing up. And if they deicide to do it, then buyers shouldnt buy them, they would learn real quick. The idea of the camaro wasnt to charge above MSRP it was to offer an affordable car for everybody that beats both the stang and challenger. The Camaro was not built for a few to hoard and for the rich to have, GM has the Vette for that. Nor has the camaro ever been built for this reason. Last edited by nards444; 05-13-2009 at 09:33 PM.

05-13-2009, 08:36 PM	#7
tcotrel Drives: '10 Camaro RS, '11 Mazda3 Join Date: Apr 2009 Location: Burbank, California Posts: 10	Dealership closures GM should be lowering the ax on its dealers this week. Does anyone have a list or information on such?

05-13-2009, 08:39 PM	#8
Sean_W Drives: 2010 IOM SS/RS Join Date: Dec 2008 Location: St. Louis, MO Posts: 659	I feel safe with mine. It's a Cadilac/chevy dealer. They just built a completly new complex and showroom. They do a lot of good bussiness. They are also known for good honest bussiness. __________________ Sean W 2SS/RS Inferno Orange Metalic & Cyber Grey Stripes My Homepage http://titanic-model.com

05-13-2009, 08:47 PM	#12
delius David Hayter Drives: F-body Join Date: Feb 2009 Location: Greensboro Posts: 194	My dealer is not being terminated ...YAAAAAY Its not that GM is just putting a blindfold on and pointin on a map They are looking at how fast dealers move cars. But the thing i don't understand is that most dealers are all privately owned...you pay for the name and you pay for the car from the factory...the only money GM makes immediately is the dealer bought cars. If dealers didn't buy cars from them..GM would be broke. When a dealer buys more cars...GM is happier. I don't understand the reasoning behind the dealer closings. Also dealer employees are not considered official GM employees...I asked a friend's dad if he could get me family and friends pricing...he said that this is usually reserved for GM factory workers and corporate employees. GM...bite the bullet and hang in there. If you release your dealers...your are getting rid of the amount of demand. Some people don't want to drive 1-2 hours to another city to dump 20k+ into something. What you need to do is lower pay grades Also...If obama wants any of these guys to survive...you need to get rid of double taxed funds. This is rediculous...does not make sense to tax it every change of hands. The government is going to be so desperate for revenue this next couple years and they are going to rape both small and big businesses...you can expect to see rising gas prices....lame...In fact...Obama said that my state's gas tax rate is TOO low...WTF TOO LOW!?!?!? Now virginia has upped thier driving infraction quota that they need to reach. OMG...do you how much your have to pay to just walk into court...In Davidson County...its 120 dollars to just sit in front of a judge...Justice becomes crippled when it is motivated by money __________________ I want my camaro....NOOOOOOOOOOW!!! /turn yellow

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05-13-2009, 08:19 PM	#3
nards444 Drives: 1SS/RS Black Join Date: May 2009 Location: New york Posts: 2,123 View My Garage	this has been debated before. But here are the basics. They would do CH 11 not a CH 8. Is closing doors and debts pawned off your business seized to exsist. CH 11 is where the court decides the fate of your bad debts and you clean house. These are the basics, dont quote me on more than that. Now theres speculation if it will affect production. CH 11 is more of formailty then reality their production wouldnt stop. But some say outside suppliers wouldnt supply parts on a credit basis to GM, thus slowing production. In my opinion GM will have cash to buy parts, or the GM name will keep them in the graces of suppliers.

05-13-2009, 08:19 PM	#4
kdoske Waiting For My 1SS/RS SIM Drives: Sold My Lancer, now carless :/ Join Date: Apr 2009 Location: louisiana Posts: 950	yes but at what cost? I wonder how these other dealers will honor your agreement for MSRP...

05-13-2009, 08:45 PM	#10
sandrr Drives: rsss on order lotsa other cars Join Date: Feb 2009 Location: sw fl. Posts: 68	l think there is a good chance they will go belly up. My wifes car was suppossed to be built the end of April but who knows. l know she wants the camaro and l hope the dealership stays alive but if not lotsa other cars that are nice too. Prob will know by the end of the month. Dont care to drive a foreign owned make anyway. Go ahead pile on it is how l feel.