What happens when a dealership dies?
#1
12-31-2007, 10:02 PM
What happens when a dealership dies?
This afternoon, we were on our way to Costco for grocery shopping. Right next to the store is our local Harley dealer. They're usually closed on Monday, but the service ba garage door was up, and there were several cars in the parking lot. I tought they might be having some sort of special, year-end deal, so I pulled into the lot.
We got out of the car and as we crossed the parking lot, one of the guys that works there, told us that they were closed, but a lot of peoplke were there clearing out their stuff. He then went on and told us that the owner had come in the previous day, laid off 90% of the staff, and that, while the dealership would be open on Wednesday, it eould be closed permanently in a week or two. He said the "idiot owner" had run the business into the ground.
My wife said she hoped he would find another job soon, and he said, he already had.
So, now I'm curious. What does this mean for me? When a dealer shuts its doors, are there usually good deals to be had? Because they've got a bike or two I wouldn't mind having, if there's fire-sale pricing going on.
Anybody ever had an experience with what happens when a dealership closes down?
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We got out of the car and as we crossed the parking lot, one of the guys that works there, told us that they were closed, but a lot of peoplke were there clearing out their stuff. He then went on and told us that the owner had come in the previous day, laid off 90% of the staff, and that, while the dealership would be open on Wednesday, it eould be closed permanently in a week or two. He said the "idiot owner" had run the business into the ground.
My wife said she hoped he would find another job soon, and he said, he already had.
So, now I'm curious. What does this mean for me? When a dealer shuts its doors, are there usually good deals to be had? Because they've got a bike or two I wouldn't mind having, if there's fire-sale pricing going on.
Anybody ever had an experience with what happens when a dealership closes down?
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#2
12-31-2007, 10:06 PM
RE: What happens when a dealership dies?
If they were in financial trouble, I guarantee their motorcycle stock, and some of their parts inventory were floor planned.
The MoCo will re-aquire and then liquidate their entirefinanced inventory to other dealers, so don't expect a sniff of the good stuff. You might see a sale on their trinkets and coffee pots..
Gotta wonder...
My dealer is ready to cut the ribbon on a brand new, 2.4 million dollar facility.
I've been in business my entire life, and never was worried to take a calculated risk. This move of theirs in this current economy would have me a little worried to carry that much paper on a business predicated on expendable income...
#4
12-31-2007, 10:33 PM
RE: What happens when a dealership dies?
As said before, the stock will be re-absorbed. The dealership was probably so far in the red that the creditors will clean everything out. The only thing you'll see make it to public sale is the chrome consultant's desk and the suggestion box. Two completely useless items at your typical dealership. Ray
#5
12-31-2007, 10:34 PM
Club Member
RE: What happens when a dealership dies?
I hate to see any business go kerplunk, but as in any business, you have to have business, & know how to run a business to be successful.
#6
12-31-2007, 10:38 PM
RE: What happens when a dealership dies?
You should know before we do...
ORIGINAL: Dale Franks
This afternoon, we were on our way to Costco for grocery shopping. Right next to the store is our local Harley dealer. They're usually closed on Monday, but the service ba garage door was up, and there were several cars in the parking lot. I tought they might be having some sort of special, year-end deal, so I pulled into the lot.
We got out of the car and as we crossed the parking lot, one of the guys that works there, told us that they were closed, but a lot of peoplke were there clearing out their stuff. He then went on and told us that the owner had come in the previous day, laid off 90% of the staff, and that, while the dealership would be open on Wednesday, it eould be closed permanently in a week or two. He said the "idiot owner" had run the business into the ground.
My wife said she hoped he would find another job soon, and he said, he already had.
So, now I'm curious. What does this mean for me? When a dealer shuts its doors, are there usually good deals to be had? Because they've got a bike or two I wouldn't mind having, if there's fire-sale pricing going on.
Anybody ever had an experience with what happens when a dealership closes down?
[/align]
This afternoon, we were on our way to Costco for grocery shopping. Right next to the store is our local Harley dealer. They're usually closed on Monday, but the service ba garage door was up, and there were several cars in the parking lot. I tought they might be having some sort of special, year-end deal, so I pulled into the lot.
We got out of the car and as we crossed the parking lot, one of the guys that works there, told us that they were closed, but a lot of peoplke were there clearing out their stuff. He then went on and told us that the owner had come in the previous day, laid off 90% of the staff, and that, while the dealership would be open on Wednesday, it eould be closed permanently in a week or two. He said the "idiot owner" had run the business into the ground.
My wife said she hoped he would find another job soon, and he said, he already had.
So, now I'm curious. What does this mean for me? When a dealer shuts its doors, are there usually good deals to be had? Because they've got a bike or two I wouldn't mind having, if there's fire-sale pricing going on.
Anybody ever had an experience with what happens when a dealership closes down?
[/align]
#7
12-31-2007, 10:44 PM
RE: What happens when a dealership dies?
Hey, are you talking about Biggs in San Marcos? I was just there yesterday, ton of bikes on the floor, but the clothing dept inventory seemed to be kinda scarce. That's a bummer, some good folks working there.
Rick
Rick
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#8
12-31-2007, 10:50 PM
RE: What happens when a dealership dies?
Hey, are you talking about Biggs in San Marcos?
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#9
12-31-2007, 11:16 PM
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#10
12-31-2007, 11:20 PM
RE: What happens when a dealership dies?
ORIGINAL: Crushertx3
Dale is that the shop where NY Mike works ?
Dale is that the shop where NY Mike works ?
Anything going on at the other Biggs in O'side?
S/F
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