I am sure they did not fold overnight. The owner should have had a rainy day fund or savings to get his business thru the lean times. Since he was open for nearly 50 years I would think a smart business man would have saved something. To that reguard he would have also seen a decline in sales over the years and planned accordingly.They've managed to get by for nearly 50 years and no new dealerships have opened within at least 60 miles for at least the last 25.
Your analysis, as usual, is worthless.
Certainly a possibility, but I seriously doubt it. Actually, they were in business for 82 years. Can't see them "cashing out" and permanently terminating a dozen or so employees two weeks before Christmas. That's not how things work around this neck of the woods.Perhaps he cashed out and retired. Fishing sounds better than selling cars. :clap:
Please notice i said one of the major factors.do people on this board (RF) have their heads in the sand in regards to the ecominc issues??
RF, how do you explain the closing of my local Honda dealership?? There isn't one for more than 30 miles, in a different state. As much as you try to hide from the problems, we are screwed. At least us non tour guides...