Strategies for Responding to the Financially Distressed Auto Dealership

Because the financial distress is network-wide, how manufacturers respond to the financially distressed dealership is more important than ever. For some dealerships, the appropriate strategy may be creative cooperation forbearance agreements, operating stipulations, and workouts ' not adversarial enforcement.

29 minute read April 29, 2009 at 08:23 AM
By
John R. Skelton
Strategies for Responding to the Financially Distressed Auto Dealership

In the past, an automobile dealer filing for bankruptcy was likely the result of poor management, fraud, or declining sales because of a less-than-desirable facility or a depressed market area.

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