Local former Chrysler, GM dealers look to sell used cars - Orlando Business Journal:

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Tony Wilkerson, executive director of the , said his organizatio n has begun to lend assistance to dealerx lost in thebankruptcy “Our national organization has already sent lettera to them to let them know abou t our organization and I plan to do the same thing for our Wilkerson said. “They were in the used car busineszanyway – but if you’re stuck like many of them are, the overheax costs for a used car dealership is nothing compared to a However, the expansion of the local used car market comes as pricezs are increasing and the availabilit of late-model used cars is pinched, he But according to Morgan Murphy, president of the initial increase in prices should be looked at as merelgy a short-term hurdle.
“At first glance, that wouldd strike the community as bad but in thelong run, it’ss good for resale values,” Murphy said. When locapl consumers buy cars, they will be able to demansd more when they choose tosell it, he said. In the higher resale values might actually revivre American car dealers inthe “American manufacturing has been similar and just as good as Japaness and Korean manufacturing, but the problemj has been re-sale valued and initial prices,” Murphy said.
In the Birmingham dealers affected can capitalize on the uniqu e landscape of the local market on the usedcar side, he Many are family-owned and have been staples in the communitu for many decades. They are also encouraged by the fact that local used car sales have seen an uptickk amid the recession as buyers are more inclinec to look for a bargain as a means tospend “Birmingham has a long and distinguishesd history of reputable dealers,” Murphy said. “Don Drennenj has been in businesssince 1908. That’s 101 yearsd of serving our community, so there’s a culture arouned businesseslike that.
” Their long-standin g history could make local buyers more inclinedd to buy used cars from them, he Ward Drennen, president of Don Drennen Buickj Chrysler and Jeep, said after learning that his dealerf agreement had been canceled with Chrysler, expandingy his used car sales seemed like a real “We are going to expandc our used car departments drastically,” said who was left with more than $2 millionn in Chrysler parts and merchandise.
“We want to offer a great value to peoplewho can’t afford a new Although he hasn’t stopped looking into becoming a franchisee for other automotive manufacturers, he is open to the idea of makinhg the switch to stay in business. “It is possibld that we could become a used car said Drennen, who also learned that GM will seek to cance the dealership agreement he has for his Buick dealership. “We’ve been in Birmingham long enough that our reputatioj can keepus afloat.
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