Just days after Bill Heard announced the closing of 13 Central Florida dealerships, today comes news more are closing.
Courtesy Pontiac Buick GMC in Longwood, Fla. is closing its doors, a spokesman for the dealership’s owner said Thursday.
The spokesman said that it is part of a strategy to reduce the number of dealers of these auto lines and not because of economic problems for the company. Since Auto Nation (AN) has other locations and other dealers sell similar cars and trucks, the Longwood dealerhship needed to close because of a shrinking market. It is the only Courtesy dealership closing.
Here is a video on the Bill Heard closing:
AutoNation is capturing market share without spending a single penny to do so. This is precisely the scenario Auto/nation CEO Mike Jackson predicted in my interview with him.
When things turn, Jackson may just be the last guy standing selling cars to people..
Disclosure (“none” means no position):Long AN
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