Posts Tagged ‘Auto dealerships’

Denny Hecker sells more dealerships

April 17, 2009

I’ve posted about Denny Hecker’s travails since the downturn which has caused him financial ruin.  He has been sued for millions and sell of much of his auto empire.  News comes today that he is selling three more dealerships and two franchises to Walser Automotive Group.

Hecker face more money troubles

February 24, 2009

I posted several times about the high flying Denny Hecker who owned several Chrysler dealerships.  The downturn has hit him hard and he lost his dealerships.  Now comes word that he is being sued for several million dollars in two different lawsuits

Article:

Car-mart: trade that goat for a used car?

December 21, 2008

Yep, according to a news report about the company’s opening a new dealership, the Chairman of Car-Mart said they would accept a farm animal as a trade-in for a car.  The article also re-iterates the “buy-here/pay-here” dealership model.  Each dealership is responsible for its deals which makes sense in a poor economy and they need to act quickly to local economic conditions. 

As I said in my previous post about Car-Mart, what is promising is that the company has a structure that allows it be flexible and adapt to economic changes.  Kudos Car-Mart!