GM to close dealerships

[Augie1978]

I think a chapter 11 reorganization is inevitable for GM. With the government being in bed with GM I would anticipate that they will provide financial assistance to the phased out dealers to help them liquidate or convert to something else.

[franknbeans]

it's going to happing. . all the big wigs sold their stock . . . .

also from my understanding on the dealerships is....

GM can not "close" the doors on a dealership. They are not going to renew the franchise license. The franchise agreements end October 2011.

[SSOOCH]

Mark Miller Pontiac in Salt Lake City was told their shutting down, but it's not until sometime in 2010 so even if Chevrolet Dealers are given the axe I'm assuming it will be a while before they actually shut their doors. So as long as you have your order in prior to March and you're at least at a 3000 status code you'll be fine. But lets say you ordered last week and your dealer is shutting down you might want to worry but even then your order would just get transfered to another dealer in your area that isn't being shut down but who knows if they'd agree to everything that you and your current dealer agreed to. Who knows, who cares. No need to worry it's going to happen and if it does and the new dealer wants to screw you over. Just cancel your order and find a dealer that is staying open and one that will sell at MSRP and re order. If you can't wait. Go buy a Camry...it's just a car right?

[chrisgalles]

What about if you have $2500 bucks down like I do and the dealer goes under...yes they can transfer the order but is the dealer going to take $2500 off the msrp? Hell no. I'm going to lose my money. I'm scared of all this since I ordered 3 weeks ago.

[Ranger 75]

Originally Posted by chrisgalles

What about if you have $2500 bucks down like I do and the dealer goes under...yes they can transfer the order but is the dealer going to take $2500 off the msrp? Hell no. I'm going to lose my money. I'm scared of all this since I ordered 3 weeks ago.

Hell.... I put $21,600.00 down! But I do have a signed contract.

[linkwpc]

Is there a list some here I wonder... I hope mine will not be closing...

[nards444]

well they are private, idk know the exact wording but they are like a franchise. And Gm probably cant make them close doors but can stop sending cars. I think it makes sense to a point because some dealers are horrible. Also it doesnt make sense for stock to stay on alot but then have dealers that sell everything and get enough. Face its all about making GM more lean.

[cam2fst4u]

if your dealer is closing tell them to contact their DM to have your order placed at the next dealer they should honor your agreement

[2SSRS@Gen5diy]

GM Chief Executive Friz Henderson said on Monday the automaker was completing its plans for dealership consolidation this week.

[Fogey]

Purchase agreements will be honored and handled thru another dealer. Deposits are between you and the original dealer. Good Luck! This from a senior and reputable GM guy.

[franknbeans]

will there be a official "list" of the dealerships?

[prfireman]

Some dealers will be closing by June 1

[chrisgalles]

Originally Posted by Ranger 75

Hell.... I put $21,600.00 down! But I do have a signed contract.

Wow...I was gonna throw down $15k but decided with just the $2500. I called the dealer and talked to the GM of the dealership and gave me a little assurance but there is always that chance.

[bob2the2nd]

Originally Posted by prfireman

Some dealers will be closing by June 1

unless the dealers were already closing there is no way they are closing by june 1. all dealers are independent from GM meaning they can stay open as long as the want (and probably will for a while to get rid of their current stock of cars).

now what you really mean is GM will stop supplying these dealers on june 1. Im not going to say you are wrong but there seems to be information out there counter to this. I believe even the brands that are going down (Pontiac etc) are being supplied till the end of the year, so i cant imagine GM is going to get rid of the chevy dealerships before hand. Obviously im not positive but there at least seems to be some indication that even the dealerships that are closing will be around for at least a little while.