A Bentley dealer based in Exeter has been put into receivership after running out of cash as the credit crunch begins to have an effect on retailers of high-end products. Bentley West Country discontinued business this week after failure to sell new cars. Andrew Sheridan of joint receiver Baker Tilly said that the dealer failed to sell any new car in three months and that resulted in its cash depletion.

Bentley West Country discontinued business this week after failure to sell new cars. Andrew Sheridan of joint receiver Baker Tilly said that the dealer failed to sell any new car in three months and that resulted in its cash depletion. Photos after the jump!

“In the last three months, plummeting second hand values of luxury cars, combined with a drying up of inquiries for new vehicles, has caused Bentley West Country to run out of cash. Unfortunately, it has ceased trading with the loss of all 19 jobs,” Tilly said.

All the fixtures and fittings of the showroom have been removed including all the cars. Now, the closest Bentley dealer to the southwest of England is Bentley Cardiff.

Bentley Brooklands Coupe

[source autocar]

Tags: Bentley, bentley dealer our of cash, bentley dealership out of cash, bentley news, bentley news uk

This entry was posted on Tuesday, November 11th, 2008 at 2:49 am and is filed under 2008, 4wheels News, Automakers, Bentley, Categories, Luxury cars, U.K., Year, Zone. You can follow any responses to this entry through the RSS 2.0 feed. You can leave a response, or trackback from your own site.