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Dealerships hard-pressed to understand forced closings

May 16, 2009
By Wayne Sheets, Contributing Business Writer

On Thursday, 789 Chrysler dealers received a letter saying they were "cut off" and would have to close by June 9. That's about one quarter of its 3,200 stores accounting for 14 percent of its annual sales. General Motors said it would eliminate 2,600 of its American dealers, or 42 percent, by next year. The process was expected to begin Friday with the company notifying about 1,100 dealers that their franchise agreements will not be renewed in October 2010.



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