McCrackin Ford Closing???

[2007Bullitt]

What actually happened is that 4 other local dealers bought them out and Wally Mart is paying Timmy mega bux for the land.

That's what I heard too. Ford bought the franchise rights back for the initial investment + $300k or some figure to that extent. So in 1968 $$$$ it couldn't have been a h$*l of alot for a franchise. So take that, pay severance to all the salary employees(just about everyone). Pay the floorplan interest, chargebacks, and what not on all the cars off, and you're not leaving with all that much money from Ford. Not to mention the fact of all the money they spent on the "Auto Cruise" gig. That lasted what 6, 7 months? The salesman I bought my car from told me they spent something like $500k to do that. The big difference was made through selling the building and property to Wally World. It's a shame that they're going under cause their such an old store. But agreed, there was some shadyness going on there. I felt it heavily when I bought my car.

[u1arunit]

well Ford is doing a good thing because only the greedy dealers would sell back to make a quick buck. I see it as if you are a really good dealer you would stay open because you would have customers and be selling cars.

Can't you see it's all about the money?

Timmy had customers and was making money. The difference is that he can and will make a whole lot more money selling out the land.

Working for a dealer(s) for 23 years now I can tell you that there is more money in Real Estate investments.

You got your wish. You never need to go back there and instead you can shop at White Trash Mart.

[burntire]

Can't you see it's all about the money?

Timmy had customers and was making money. The difference is that he can and will make a whole lot more money selling out the land.

Working for a dealer(s) for 23 years now I can tell you that there is more money in Real Estate investments.

You got your wish. You never need to go back there and instead you can shop at White Trash Mart.

Out here it is Mexican Trash.

[32valve]

So take that, pay severance to all the salary employees(just about everyone)

LOL!!! Thats the best one I've heard all day.LOL!!!

[2007Bullitt]

Not every dealership pays it's, well I'll use salespeople for this example. Not every dealership pays salespeople on comission only. Most have a base salary that they pay. I shouldn't have said severance, since they're not really fired, but you understand what I'm trying to say.