Friday, May 15, 2009

GM Closures Out Today, List Still Secret

Today - GM will tell about 1,000 dealers they'll no longer be needed. This comes just a day after Chrysler cut more than 700 dealers (Frenzel in Abbeville, Jackie Edgar in Franklin and Shetler-Corley in Crowley). So far, the GM list is remaining secret. The company claims it's telling dealers the tough news, and getting the word out is up to the dealers.

Just like Chrysler - I'd suspect some of our small-town GM dealerships in Acadiana could close. Luckily, Lafayette only has one franchise per GM brand (Service Chevrolet, Courtesy GMC / Buick / Pontiac / Cadillac). This means it's very unlikely a Lafayette dealer will close. I'd say the same is probably true for Opelousas and New Iberia dealers. Dealers in smaller cities may be on the bubble. I'll be watching for the list - multiple news sites say they're trying to compile their own versions throughout the day. If you hear anything - let me know at onthegreaux@gmail.com.

UPDATE 5/18/09 It looks like all Acadiana dealerships have survived this round of GM cuts. I haven't even read about any Louisiana dealers being tapped for closure. From my research, it looks like most of the dealerships affected are in the Northeast and Midwest.

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