Vegas: Surprise Hyundai dealership closing | FerrariChat

Vegas: Surprise Hyundai dealership closing

Discussion in 'Arizona & New Mexico' started by ryalex, Jan 4, 2010.

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  1. ryalex

    ryalex Two Time F1 World Champ
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    Aug 6, 2003
    24,972
    Las Vegas, NV
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    Ryan Alexander
    #1 ryalex, Jan 4, 2010
    United Hyundai Closes Doors Without Any Warning

    Just days into the New Year and the Valley has already suffered a economic blow to an already suffering industry. United Hyundai closed its doors for good. No warning was given and now near 100 people are unemployed.

    http://www.lasvegasnow.com/global/story.asp?s=11760137
     
  2. GuyIncognito

    GuyIncognito Nine Time F1 World Champ
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    Jun 30, 2007
    91,933
    #2 GuyIncognito, Jan 4, 2010
    United = Penske, right? If so, I wonder if this is a sign of things to come.

    I've noticed amazingly low inventories at dealers of all major brands-not just GM and Chrysler- so I'm guessing we haven't seen the worst?
     
  3. ScuderiaShield

    ScuderiaShield Karting

    Sep 20, 2008
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    Matt
    #3 ScuderiaShield, Jan 7, 2010
    United Hyundai is not a PAG dealership according to their website.
     
  4. ryalex

    ryalex Two Time F1 World Champ
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    #4 ryalex, Jan 7, 2010
    I've never thought that. At best I'm thinking 2013-2014 recovery. For now, I'm betting against the economy.
     
  5. Pass

    Pass F1 World Champ
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    Feb 29, 2008
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    #5 Pass, Jan 7, 2010
    This economy is in major trouble with no signs of recovery. These kind of closures feed upon themselves and cause a domino effect. I just had two customers for classic cars go BK on me and now I am wondering how I can keep my labor costs down without lay offs.
     
  6. ryalex

    ryalex Two Time F1 World Champ
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    Aug 6, 2003
    24,972
    Las Vegas, NV
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    Ryan Alexander
    #6 ryalex, Jun 27, 2014
    Last edited: Jun 27, 2014
    Bump for bad prediction on my part.

    Economy still sucks!
     

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