Silicon Investor (SI) -- The First Internet Community

STOCKTALK

We've detected that you're using an ad content blocking browser plug-in or feature. Ads provide a critical source of revenue to the continued operation of Silicon Investor. We ask that you disable ad blocking while on Silicon Investor in the best interests of our community. If you are not using an ad blocker but are still receiving this message, make sure your browser's tracking protection is set to the 'standard' level.

Strategies & Market Trends : The Residential Real Estate Crash Index -- Ignore unavailable to you. Want to Upgrade?

To: Perspective who wrote (155625)	10/9/2008 11:48:49 AM
From: Jim McMannis	Respond to of 306849

RE:"The only way they could make a profit is to slash their sizes dramatically" I guess the sweet union deals are out of the question?

To: Perspective who wrote (155625)	10/9/2008 1:57:39 PM
From: Bill/WA	Read Replies (1) \| Respond to of 306849

Not sure how this shows up in GM's books however I have a friend who has a GMC dealership. A few years ago GM told him he had to renovate & increase the size of his dealership at the cost of approx. $2mil. He didn't want to as it had been in the family for years. GM told him update or loose GMC. GM financed the update...and now he's financially in trouble because of sales decline. So, if he closes shop, GM will have to write off that loan. How many other dealerships will fall into this category??