Nation's Largest Car Dealer Closing
Submitted by Craig Hsueh on Wed, 2008/09/24 - 16:53.
The Bill Heard Chevrolet dealership, one of the nation's largest car franchises, has shut down. This is during a time in which there is national shortage of car buyers doubled with the difficulty of obtaining loans.
Paul Baker, executive manager of the dealership explained that the financial situation was bad.
"It's a shame," Baker said, adding that he thought the era of gigantic dealerships is over. .. He said he doubted the operation would operate under new ownership. "Nobody has the guts to have a big dealership anymore," he said.
Consumer horror stories about Bill Heard abound
Along the lines of my previous post about this company, they would seem not to have mended their ways/changed their spots as they approached the decision to file for bankruptcy.
The full story may be found at --
http://www.click2houston.com/hot-button/17601971/detail.html
Richard Solomon, FranchiseRemedies.com, has over 45 years experience with franchise litigation and crisis management. He is a graduate of The Citadel and The University of Michigan Law School
There are people in Houston who remember well some rather
sharp practices at the Bill Heard Chevrolet agency, Except for the people who worked there and dependend on the dealership for their livelihood, few will mourn their closing. Many others will take comfort in their getting their just desserts.
The most notorious recent incident to be publicly reported was their pracdtice of taking you for a ride in a demo car while your used care is being "appraised". On your return you were told that your car had already been sold and had left the dealership. Their offer to you for your old car would be a tad low - to put it nicely. It was one of the very few instances where public enforcement resources were actually stirred into overcoming their customary inertia.--
Richard Solomon, FranchiseRemedies.com, has over 45 years experience with franchise litigation and crisis management. He is a graduate of The Citadel and The University of Michigan Law School