With a struggling economy and an inventory heavy with trucks and SUV’s, the largest Chevrolet dealership chain in the country has announced closure of all its locations.
Bill Heard Enterprises will close its remaining 13 nationwide dealerships--five locations in Georgia, along with those in Florida, Alabama, Tennessee, Texas and Nevada. Another dealership in Arizona closed September 12th.
The Columbus, Georgia based company says the mix of rising gas prices, a slowdown in car sales and the banking crisis created an atmosphere where its resources could not keep pace. Last month, GMAC Financial Services pulled credit for new inventory at some of the Bill Heard dealers.
The company has also been beset by legal troubles. The Governor's Office of Consumer Affairs has a lawsuit against Bill Heard, charging it with a 16-year pattern of deceptive sales practices. It’s not known how the closures will affect the state lawsuit.
The closing of Bill Heard dealers will affect about 27-hundred employees.
Bill Heard Enterprises will close its remaining 13 nationwide dealerships--five locations in Georgia, along with those in Florida, Alabama, Tennessee, Texas and Nevada. Another dealership in Arizona closed September 12th.
The Columbus, Georgia based company says the mix of rising gas prices, a slowdown in car sales and the banking crisis created an atmosphere where its resources could not keep pace. Last month, GMAC Financial Services pulled credit for new inventory at some of the Bill Heard dealers.
The company has also been beset by legal troubles. The Governor's Office of Consumer Affairs has a lawsuit against Bill Heard, charging it with a 16-year pattern of deceptive sales practices. It’s not known how the closures will affect the state lawsuit.
The closing of Bill Heard dealers will affect about 27-hundred employees.
