Rick Damelian

That's a good book that one.

 

can we drop the spam.

 

I always suspected something was wrong,in the last 5 months they've slowly gotten rid of there exotic section,so were to from now damilian????

 

taxi driver?

 

I thought that was friendly talk

 

Wow thats huge. I used to sell Hondas back in 2004 and he had the biggest dealership in NSW. 3 levels with office facilities and a swimming pool/gym for clients.

Always had every model and every colour in stock and would never dealer swap any car.

 

Bet the problem is not the car trade but other business dealings/perhaps property.

 

they will not be missed.................

 

"The Daily Telegraph understands this creditor is the National Australia Bank, who is believed to have forced the receivership after an “extended period” of negotiations to restructure his debt. NAB yesterday would not confirm or deny they were the bank, redirecting questions to Ferrier Hodgson"

"In 2009, Mr Damelian hinted at new woes for the dealership companies, saying he had "gone from about 50 prestige cars a month to about 32 we are selling now".

A close associate of Mr Damelian said a key to the decline of the business was a combination of the GFC and falling sales of Hondas, once its lifeblood.

"What killed him really was he had a great facility there, but it probably became too big for the franchises," the source said"

M

 

Morrettiiee?

 

I doubt it.

 

so what happens now?

 

Not by anyone who had the misfortune to actually buy a car from them...their service department was a ah, unique experience..I took an Alfa there once - once was enough - not the slightest clue and absolutely no imagination when it came to telling fibs. Mind you, I don't think there is one competent Alfa dealer in Sydney these days.

 

spammers, what do you expect ??

 

a swimming pool/gym for clients.

FFS who goes to the pool or gym while buying a car.should stick to the core business.

 

is there a Mrs D?

 

hubba hubba

http://www.dailytelegraph.com.au/news/sydney-nsw/stars-dealer-fails-rick-damelian-empire-collapses-with-80m-owed-to-bank/story-e6freuzi-1226130075158

 

daughter?

 

Na it was mainly for their service clients. Idea was to get your car serviced and stick around to use the facilities. Also had offices and internet.

Obviously a service not wanted by your typical Honda buyer . .

They would always low ball as well. As soon as a customer told you they were going to shop you against Damelians it was a no win

 

well they'll not be missed

horrible dealership!!!!

 

Not news to me. Have a mate who left Rick long ago because the writing was on the wall.

Rick will have something stashed away for him and his cute trophy wife, but im thinking they will come after him from the angle that he, traded knowingly that he was insolvent.

Didnt one of the dealerships have a cafe and squash court???

Why anyone would want to buy a car from a dealership that clearly makes TOO much money (money from customers like you), is beyond me.

There are also alot of rumors from ex employees going around for a long time, i wont go into details about it, however you could probably script an underbelly episode out of it

 

Trophy wife,I'd be worried it the liquidators were bank appointed.

 

so my Sydney friends tell me.