Saturn dealers planning to look for other franchises
By Andrew C., 30 Aug, 2010. 0 Comments
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After negotiations for Penske Automotive to take over Saturn fell through, dealers have varying ways of dealing with it. Some say that they will look for other franchises while others say they'll wait and see whether Penske revives the deal.
One of those interviewed, George Nahas, who owns Saturn stores in Alabama and Florida, said that he supposes he will now be selling the competition. He said that he has been approached by import brands to carry their products. Unlike most dealers, Nahas has had similar experience when GM shut down his Oldmobile dealership in 2000. He‚ disappointed with GM‚ plan to abandon Saturn but he says that at least now, it‚ clear and he can act accordingly. GM had previously said that it would wind the Saturn brand and its 350-franchise dealer network and will announce its plan soon. Penske reportedly failed to secure a source of vehicles to keep the brand afloat.
After negotiations for Penske Automotive to take over Saturn fell through, dealers have varying ways of dealing with it. Some say that they will look for other franchises while others say they'll wait and see whether Penske revives the deal.
One of those interviewed, George Nahas, who owns Saturn stores in Alabama and Florida, said that he supposes he will now be selling the competition. He said that he has been approached by import brands to carry their products. Unlike most dealers, Nahas has had similar experience when GM shut down his Oldmobile dealership in 2000. He‚ disappointed with GM‚ plan to abandon Saturn but he says that at least now, it‚ clear and he can act accordingly. GM had previously said that it would wind the Saturn brand and its 350-franchise dealer network and will announce its plan soon. Penske reportedly failed to secure a source of vehicles to keep the brand afloat.
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