GM Offering Hummer Dealers Buy Outs - Dodge Nitro Forum
Chrysler/Dodge/Jeep News Find out the latest scoop here!

 
LinkBack Thread Tools Display Modes
post #1 of 1 (permalink) Old 07-28-2008, 12:15 PM Thread Starter
Super Moderator
 
rickaren's Avatar
 
Join Date: Nov 2006
Location: Indiana
Posts: 22,858
Garage
GM Offering Hummer Dealers Buy Outs

Seen as the next step in the automaker’s efforts to sell or otherwise get rid of the Hummer brand, several Hummer dealers are saying GM is offering them deals to buy out their operations. In addition, GM paid dealers bonuses early, based on last year’s sales.

Many believe GM is taking the measures in an attempt to avoid legal action from its dealers, a scenario it faced when Oldsmobile was put out to pasture. Dealers have already announced their displeasure when GM brass made a few remarks about possibly selling or closing down the Hummer brand, saying it is hurting their sales.

“Hummer is quietly getting dealers to sign off on their stores and making deals with each one,” Hummer dealer Tim Kelly said in an Automotive News report. Another dealer said he is in talks with GM to sell his dealership but signed a confidentiality agreement.

GM wouldn’t officially comment on its latest moves, but did pay Hummer dealers second- and third-quarter Standard of Excellence bonuses, which average at least six figures. The amounts were based on those from 2007.

Dealers report news of the sale of the brand made top sales people at the franchises jump ship, seeking employment elsewhere.

Hummer has already been struggling as gas prices make the gas-guzzling vehicles unattractive to prospective buyers, with sales falling nearly 60 percent in June.

Rick

Nitro Year: 2007 (1 of 91,815 sold in 07)
Nitro Model: R/T 4X4 Stone White
CAT-BACK Exhaust, CAI, Projector Head Lamps
Fully-Equipped w/all factory options
rickaren is online now  
Sponsored Links
Advertisement
 
Reply

  Dodge Nitro Forum > Dodge Nitro News & Polls > Chrysler/Dodge/Jeep News

Quick Reply
Message:
Options

Register Now



In order to be able to post messages on the Dodge Nitro Forum forums, you must first register.
Please enter your desired user name, your email address and other required details in the form below.

User Name:
Password
Please enter a password for your user account. Note that passwords are case-sensitive.

Password:


Confirm Password:
Email Address
Please enter a valid email address for yourself.

Email Address:
OR

Log-in











Currently Active Users Viewing This Thread: 1 (0 members and 1 guests)
 
Thread Tools
Show Printable Version Show Printable Version
Email this Page Email this Page
Display Modes
Linear Mode Linear Mode



Similar Threads
Thread Thread Starter Forum Replies Last Post
Chrysler reduces dealers by 5.3% rickaren Chrysler/Dodge/Jeep News 0 06-11-2008 05:41 AM
Chrysler offering "employee" discount to dealership workers rickaren Chrysler/Dodge/Jeep News 0 04-28-2008 07:07 AM
Chrysler to talk to dealers on cuts soon rickaren Chrysler/Dodge/Jeep News 0 02-10-2008 11:29 AM
Chrysler giving five-star dealers unfair advantage on web? rickaren Chrysler/Dodge/Jeep News 0 08-19-2007 11:42 PM
Chrysler Sale May Accelerate Dealership Closings rickaren Chrysler/Dodge/Jeep News 0 05-21-2007 08:59 AM

Posting Rules  
You may not post new threads
You may post replies
You may not post attachments
You may not edit your posts

BB code is On
Smilies are On
[IMG] code is On
HTML code is Off
Trackbacks are On
Pingbacks are On
Refbacks are On

 
For the best viewing experience please update your browser to Google Chrome