Not a car in sight... Doors Locked... SB just says they are "No Longer a client..." I think they have imploded
Pulled out is more like it. That is what I understand the investors did. I bought a car from them a while back but my only recent dealing with them was on a consigned Ferrari, after going to the owner with an offer the final price was still priced 10k over market. I asked myself why would they consign that car. Needless to say it never sold. I would like to know how they sold off all those cars so fast and without anyone noticing. Auctioned? Wholesaled? I would have loved to get in on that liquidation.
Check with Jpeck and GSeale at Lambo there are many on the trail of the inventory but if those who know know it is them who will know
ECW cleared out their inventory in a weekend, because most were consigned. I think LoD is about the only other major place around Dallas that will consign the cars, so I bet they end up with quite a few.
Consignment only exotic dealerships don't appear to be a good business model for the Dallas market. Exotic Car World - gone Boardwalk - no longer consigns Lineback - gone
Well, I bet LoD is pretty happy about it. Business 101: Pick such a poor business plan that you won't have competition!
But it is why the Net Centric places like E Car Link work... Not paying $70,000 month overhead for facilities makes that an easier thing. 1 airport hanger, big meaty internet connection, away we go...
Its not really the Dallas market, its how your company advertises. Exotic cars have buyers all over the world. If you don't advertise in a broad sense, consider your company tanked. Most of the exotic cars for sale in Dallas aren't going to have local buyers. What I think ECW & Lineback did was mostly focus on local buyers & not enough on the national level.
Reality it was the exact opposite. Linebeck prided his Dupont exposure and Rob Report... On the big stuff they would not even run a ad in the local but the small stuff that should have been bread and butter they were wonky. from the BMW's and Benz and P cars they carried they should have been flipping them hand over fist but their inventory was stale of late. I noticed they had the same cars for a while then Boom gone...
Yes, LOD should be happy. I did notice some of the 355's went to Bent Tree. I am assuming they were consign cars. Lineback had huge overhead, large inventory and high prices. Not a good combo. I dont think they ever truly defined a market.
This relates to my previous post in another thread. I attended their last F1 watching party... It was a fairly small turnout, I had to have been one of a handful of people that they didn't know. I'm not a shy guy, and I shower regularly, so there's not a reason that one of the employees of Lineback shouldn't have approached me and introduced themselves and at least qualify me as a prospective client. I actually expected it, and was rather surprised when they didn't.
Lineback had a fairly good sized internet staff that no one ever saw. I knew several of them and one of them told me that their internet business had gotten so competitive that they were no longer making any money. They used to sell about 80% of their cars out of the area because of their large exposure on the internet. Competitive pricing and an abundance of available cars eventually destroyed them. I attended the opening when Don Panoz and Carrol Shelby were there and the crowd was pretty good that night but gone by 10PM. It was the week before we opened the new Ferrari store down the street and I was anxious to see what Matt was up to......
Word from Matt "I'll Be Back!!!" he is a scrapper so don't discount that statement. he has a lot of work to do and I do wish him luck. anyone wanna place bets?
I've only met him once and it was after he opened up the new showroom. I'm not sure where and what all he was doing before, but he comes across as a smart, energetic, young entrepreneur. He'll be back, but I'm not sure with what. I don't see many opportunities left in the car business. However, people with the above qualities usually hit it big eventually.
