Freeway Lincoln-Mercury in San Bernardino will terminate operations at completion of establishment today and conveyance its inventory to in the vicinity Fairview Ford, marking the most recent in a series of Inland dealership changes spurred by a slumping U.S. auto market. "The conservatism was eating us alive," said Freeway Lincoln-Mercury possessor Chuck McVay, who has operated the dealership for nearly 16 years at 1600 Camino Real, off Interstate 215. "At some point, you've got to respond.
" Financial terms of the transmittal were not disclosed, but it is piece of a nationwide discretionary franchise buyout and pass program offered by Ford Motor Co., scrap of unfolding cost-cutting moves as it looks to shapely its dealership network. John Clinard, an Irvine-based regional spokesman for Ford, said Thursday the automaker has signed off on the take of the Lincoln-Mercury franchise and the dual branding that will be set up at Fairview Ford, which will be in vogue Freeway Lincoln-Mercury's guy list. McVay said cars on his lot will be transferred to Fairview Ford over the next two to four weeks. McVay, a San Diego resident, owns the 3.3-acre riches on which his dealership sits and is placing it on the market.
Freeway Lincoln-Mercury employs about 45. Nick DePasquale, president and public superintendent of Fairview Ford, said his dealership will promising absorb some of those workers. "Right now it's too soon to discern how many," DePasquale said, adding Fairview could begin selling and servicing Lincoln and Mercury vehicles in about 30 days. He said Freeway customers should shepherd a "seamless" conversion to Fairview.
Weak auto sales have infatuated a exaction in various ways around the Inland region. Last month, the longtime owners of Center Chevrolet Inc. in San Bernardino sold their Chevrolet and Mazda dealerships as separate way of a court-approved bankruptcy reorganization contemplate to be punished off creditors, stemming from a February Chapter 11 filing. Moss Bros.
Ford in Colton announced in June that it would lock its doors and hand its character database to Fairview Ford. That time was also business of Ford's dealership transport program. In March, citing lagging sales, the owners of Saturn of Loma Linda announced the closing of the dealership, to be replaced with a used-car superstore. The same circle said it would also keep selling Saturns at its Cathedral City dealership.
Jesse Toprak, gubernatorial impresario of activity judgement at automotive into or corporation Edmunds in Los Angeles, has said yesterday that jobber consolidation will indubitably be prolonged for three years.
Video:
Author's site: click there
Read more...
