It’s called Auto Armageddon, and it’s bad. Auto dealership bankruptcies have skyrocketed.

Eighty bankruptcies are not from small mom-and-pop dealers; they involve corporate dealership companies that own multiple dealerships under their corporate umbrella. Stellantis (Chrysler, Jeep, Dodge), Ford, and Nissan are at risk of bankruptcy soon. With record high inventory levels growing at staggering rates, production line cuts, soaring debt levels, and insanely priced MSRPs… Dealerships across …

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Guy with 400 credit and borrowed down payment threatens dealership sales guy because he offers him an SXT instead of a hellcat lol

Guy with 400 credit and borrowed down payment threatens dealership sales guy because he offers him an SXT instead of a hellcat lol 40 years of ZIRP have made broke Americans delusional pic.twitter.com/arPrrm6oAh — Darth Powell (@VladTheInflator) August 3, 2024 OMG https://t.co/RJygSkxWJA — Darth Powell (@VladTheInflator) August 10, 2024

Car dealership processing systems hacked

CDK Global, a company that provides auto dealerships across the U.S. with software for managing sales and other services, has been hacked, prompting the company to temporarily shut down most of its systems. That is effectively preventing about 15,000 car dealerships from making sales. General Motors dealerships rely on CDK’s systems, as does Group 1 …

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@Car Dealership Guy’s prediction: Dealership employee turnover will rise to the highest level in 4 years over the next 90 days.

To clarify: Plans don't always change in the literal sense. One common way pay plans change (and have been changing) is by increasing dealership "packs" — essentially the overhead costs associated with each vehicle. But this is risky because it cuts into employee commissions. — Car Dealership Guy (@GuyDealership) December 19, 2023

Customer arguing over vehicle price shoots car dealership owner’s son dead in Houston

During an argument related to pricing with two customers outside of the used car and repair shop, police said one of the customers started a physical fight. The other took out a gun and shot the employee twice. “He had an argument with customers over a vehicle transaction,” HPD Homicide Commander Christopher Hassig said. “Unfortunately, …

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