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THE Cars Thread pt 4 (merged)

What's on your mind?
General interest discussions, not necessarily related to depletion.

Re: Bill Heard, 13 New Car Dealerships Shut Doors Today [9/2

Unread postby ProudFossil » Wed 24 Sep 2008, 21:17:51

$this->bbcode_second_pass_quote('timmac', 'B')ill Heard Cheverlet that has 13 dealerships around America has shut down all 13 stores today,, 2 of them where located here in Las Vegas and local news says because of economy and no loans they had to shut doors and lay off about 2500 workers,, this is about as bad as I have seen things how much worse is this going to get,, casino's are really starting to see the economy problems here in Vegas,, gambling profits are really starting to dip, forclosures are the highest here than any where and unemployment has shot up here in Nevada in the past month.



Hows main street where you live, who has shut there doors ??


Since we are doing a family reunion there at Christmas tell them all to hurry up with the super duper deals on shows, meals, and other events.

We are waiting.
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Re: Bill Heard, 13 New Car Dealerships Shut Doors Today [9/2

Unread postby kpeavey » Wed 24 Sep 2008, 22:59:17

I work in a restaurant part time. Linens, bowties, the Dom. Top notch joint. All the swells come in, go through lots of cocktail napkins. Doctors, lawyers who are suing the doctors, the judges who handle the case, county commissioners, school board members, the place is a power struggle. Add in their wives, who is sleeping with whom. Just arranging seating is a nightmare sometimes. Years of employing discretion has earned confidence and made me privy to some information. Nothing like nuclear secrets, just what people want to do with their business or who they want to go home with that night.

One particular gent owns several car dealerships in Florida. I remember 2 years ago he was on top of the world, celebrating finally reaching a sales milestone of 1000 new cars in a month. Quite a feat for a fat slob with no table manners who can't keep his hands off his wife's best friend. Good tipper, though. anyway, to make a short story long, this last month was off. He sold more cars in 1991 when he had a single dealership.

The economy is going down. I see signs of it everywhere. not just signs but giant neon flashing billboards with loadspeakers blaring out music so load it breaks windows, balloons and confetti flying through the air, clowns with small dogs, elephants with banners, even a marching band.
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Re: Bill Heard, 13 New Car Dealerships Shut Doors Today [9/2

Unread postby cube » Thu 25 Sep 2008, 00:58:22

$this->bbcode_second_pass_quote('kpeavey', '.')..
One particular gent owns several car dealerships in Florida. I remember 2 years ago he was on top of the world, celebrating finally reaching a sales milestone of 1000 new cars in a month. Quite a feat for a fat slob with no table manners who can't keep his hands off his wife's best friend. Good tipper, though. anyway, to make a short story long, this last month was off. He sold more cars in 1991 when he had a single dealership.
...
I was reading some story about how even the rich are "feeling the pinch".
For example the yachting business and private jet transport is taking a nose dive. Everything from luxury cars to getting a nose job at a high end plastic surgeon office is being cut out (no pun intended). Granted I don't expect anybody to have sympathy for someone who had to put their mansion up for sale but the top 10% richest spend 25%....so there is a "trickle down" effect.
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Re: Bill Heard, 13 New Car Dealerships Shut Doors Today [9/2

Unread postby IslandCrow » Thu 25 Sep 2008, 03:08:57

Deeper problems???

$this->bbcode_second_pass_quote('', '.').. Just two weeks ago, GMAC pulled Bill Heard's ability to finance its inventory.

"It would not surprise me if there were shenanigan's going on. Ultimately I think that is going to be the root of this. GM did not just wake up one day and decide to pull financing on the number one Chevrolet dealer in the United States,” said Dan Parsons, Better Business Bureau.

Parsons said the Better Business Bureau is familar with Bill Heard. He has had a number of complaints regarding the dealership over the years.

"Boxes and filing cabinets full of complaints. Between Heard and Landmark as co-owned entities, it’s the largest file we have,” said Parsons.

Bill Heard has a history of unfair business practices to its customers. Over the years the company has been forced to pay fines in several states, and more legal actions were filed just last week in Georgia.....
We should teach our children the 4-Rs: Reduce, Reuse, Recycle and Rejoice.
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Re: Bill Heard, 13 New Car Dealerships Shut Doors Today [9/2

Unread postby VMarcHart » Thu 25 Sep 2008, 05:22:03

$this->bbcode_second_pass_quote('cube', '')$this->bbcode_second_pass_quote('kpeavey', '.')..One particular gent owns several car dealerships in Florida ... Good tipper, though...
I was reading some story about how even the rich are "feeling the pinch" ... but the top 10% richest spend 25% ... so there is a "trickle down" effect.
That said, kpeavey, are you feeling the pinch? Are the rich people being less generous with tips?
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Re: Bill Heard, 13 New Car Dealerships Shut Doors Today [9/2

Unread postby IgnoranceIsBliss » Thu 25 Sep 2008, 09:09:22

One of Bill Heard's dealership locations in north metro Orlando area was in the news awhile back for customer abuse. They held a woman against her will for hours until she finally gave in and bought a Chevy. (They refused to hand over the keys to her car)

Yeah, that would have worked on me for about 5 seconds & I would have gone crazy on them.
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Re: Bill Heard, 13 New Car Dealerships Shut Doors Today [9/2

Unread postby Byron100 » Thu 25 Sep 2008, 09:53:20

$this->bbcode_second_pass_quote('IgnoranceIsBliss', 'O')ne of Bill Heard's dealership locations in north metro Orlando area was in the news awhile back for customer abuse. They held a woman against her will for hours until she finally gave in and bought a Chevy. (They refused to hand over the keys to her car)

Yeah, that would have worked on me for about 5 seconds & I would have gone crazy on them.


Me too! Believe me, you DO NOT want to be anywhere near me if I start freaking out...lol. :twisted:

So yeah, good riddance to Bill Heard...let's hope this just the beginning, too...I'd be thrilled if a lot more car dealerships went under, as they're a blight on the landscape (all those lights, gaudy flags and scamster salespeople, etc...ugh).
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Re: Bill Heard, 13 New Car Dealerships Shut Doors Today [9/2

Unread postby vision-master » Thu 25 Sep 2008, 10:03:54

Back to the day's of the $100 junker. Used tires & never change oil, just keep adding.

News Flash - Mexico importing used cars! :razz:

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Re: Bill Heard, 13 New Car Dealerships Shut Doors Today [9/2

Unread postby kpeavey » Thu 25 Sep 2008, 10:35:55

$this->bbcode_second_pass_quote('VMarcHart', 'A')re the rich people being less generous with tips?

Tips as a percentage of the bill are about the same as they have ever been. When I have to wait tables I get 20-30%. There are many guests who still get whatever they want for dinner, wine and drinks. There has been a dramatic decrease in volume. People just aren't going out to dinner. Saturday night 4 years ago would see a full house. Over the last year, volume has shrunk to about half of what it used to be. The owner has made some changes, prices are about the same, the staff size has been reduced, still, I can see he is feeling the pinch.

All this is what we should expect. People holding onto their cars longer, cutting back on superfluous spending, dinner at home instead of a night on the town. These are the effects of a gradual decline. When dealers lose financing and have to shut the doors to 13 dealerships, this is a next level event.
If you want a picture of the future, imagine a boot stamping on a human face--for ever."
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twenty centuries of stony sleep were vexed to nightmare by a rocking cradle, and what rough beast, its hour come round at last, slouches towards Bethlehem to be born?
-George Yeats
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Re: Bill Heard, 13 New Car Dealerships Shut Doors Today [9/2

Unread postby VMarcHart » Thu 25 Sep 2008, 10:43:24

$this->bbcode_second_pass_quote('kpeavey', 'A')ll this is what we should expect. People holding onto their cars longer, cutting back on superfluous spending, dinner at home instead of a night on the town. These are the effects of a gradual decline. When dealers lose financing and have to shut the doors to 13 dealerships, this is a next level event.
A little bit of demand destruction, you think?
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Re: Bill Heard, 13 New Car Dealerships Shut Doors Today [9/2

Unread postby Byron100 » Thu 25 Sep 2008, 11:08:30

$this->bbcode_second_pass_quote('VMarcHart', '')$this->bbcode_second_pass_quote('kpeavey', 'A')ll this is what we should expect. People holding onto their cars longer, cutting back on superfluous spending, dinner at home instead of a night on the town. These are the effects of a gradual decline. When dealers lose financing and have to shut the doors to 13 dealerships, this is a next level event.
A little bit of demand destruction, you think?


The real test, of course, will come during this upcoming "holiday shopping season." If people decide to have a "non-materialism" Christmas, like they used to about 75 years ago, then we can stick the fork in the economy, it'll be done.

I asked my father once, what would happen if they canceled Christmas for a year (he was manager of a retail store at the time). He said that the entire economy would go into the crapper. After all these years, I might just get to see it happen.
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Re: Bill Heard, 13 New Car Dealerships Shut Doors Today [9/2

Unread postby VMarcHart » Thu 25 Sep 2008, 11:25:22

$this->bbcode_second_pass_quote('Byron100', 'I')f people decide to have a "non-materialism" Christmas, like they used to about 75 years ago, then we can stick the fork in the economy, it'll be done.
My apologies for taking this conversation off topic. I truly think we will have an old-fashioned holiday season, many people and stores will feel the pinch --bye-bye Best Buy--, and even being the doomer that I am, I still think we have so much "fat" to shed in demand destruction before the fat lady sings. My 2 cents.

Back to the topic, if the GM's #1 salesman is no more, what does it do to GM and the rest of Detroit? Any speculation on how long until the Govt needs to bail them out too?
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Re: Bill Heard, 13 New Car Dealerships Shut Doors Today [9/2

Unread postby ClassicSpiderman » Thu 25 Sep 2008, 11:25:28

$this->bbcode_second_pass_quote('kpeavey', 'I') work in a restaurant part time. Linens, bowties, the Dom. Top notch joint. All the swells come in, go through lots of cocktail napkins. Doctors, lawyers who are suing the doctors, the judges who handle the case, county commissioners, school board members, the place is a power struggle. Add in their wives, who is sleeping with whom. Just arranging seating is a nightmare sometimes. Years of employing discretion has earned confidence and made me privy to some information. Nothing like nuclear secrets, just what people want to do with their business or who they want to go home with that night.

One particular gent owns several car dealerships in Florida. I remember 2 years ago he was on top of the world, celebrating finally reaching a sales milestone of 1000 new cars in a month. Quite a feat for a fat slob with no table manners who can't keep his hands off his wife's best friend. Good tipper, though. anyway, to make a short story long, this last month was off. He sold more cars in 1991 when he had a single dealership.

The economy is going down. I see signs of it everywhere. not just signs but giant neon flashing billboards with loadspeakers blaring out music so load it breaks windows, balloons and confetti flying through the air, clowns with small dogs, elephants with banners, even a marching band.


I could imagine someone like Tom Waits rasping these words out to a blues-y bass line in that ever-so passive aggressive beatnik imitation that he likes to do from time to time.
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Re: Bill Heard, 13 New Car Dealerships Shut Doors Today [9/2

Unread postby Pops » Thu 25 Sep 2008, 11:48:23

A GM dealership out in CA that I have done a little work for from time to time eliminated their ad budget back in January and I hear their sales are down 75%. Not a big blow to me but a real hurt to the guy who reps for me out there, their radio and TV budget was a big part of his book.
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-- Abraham Lincoln, Fragment on Government (July 1, 1854)
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Re: Bill Heard, 13 New Car Dealerships Shut Doors Today [9/2

Unread postby lawnchair » Thu 25 Sep 2008, 11:48:51

$this->bbcode_second_pass_quote('VMarcHart', '
')Back to the topic, if the GM's #1 salesman is no more, what does it do to GM and the rest of Detroit? Any speculation on how long until the Govt needs to bail them out too?


The House passed $25 billion for Detroit yesterday, with the intention of at least another $25 billion next year.
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Re: Bill Heard, 13 New Car Dealerships Shut Doors Today [9/2

Unread postby VMarcHart » Thu 25 Sep 2008, 11:51:30

$this->bbcode_second_pass_quote('lawnchair', 'T')he House passed $25 billion for Detroit yesterday, with the intention of at least another $25 billion next year.
$25B in addition to the $700B. Is there an end to the bailout?
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Re: Bill Heard, 13 New Car Dealerships Shut Doors Today [9/2

Unread postby cube » Thu 25 Sep 2008, 13:30:43

$this->bbcode_second_pass_quote('VMarcHart', '')$this->bbcode_second_pass_quote('lawnchair', 'T')he House passed $25 billion for Detroit yesterday, with the intention of at least another $25 billion next year.
$25B in addition to the $700B. Is there an end to the bailout?
This is why I have both feet firmly placed in the "inflation" camp.

There are some people here who think we're going to have "deflation" because banks have stopped handing out $500,000 jumbo home loans to people who make $40,000 / yr.
Folks, that has now been replaced by the gooberment bailing out wall street.
Make no mistake, the printing press is still running just as fast except that the money is now being handed out to different people. :roll:
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Re: Bill Heard, 13 New Car Dealerships Shut Doors Today [9/2

Unread postby emersonbiggins » Thu 25 Sep 2008, 13:36:39

$this->bbcode_second_pass_quote('cube', '
')Make no mistake, the printing press is still running just as fast except that the money is now being handed out to different people. :roll:


And I don't even get granite countertops out of the deal? :P
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Re: Bill Heard, 13 New Car Dealerships Shut Doors Today [9/2

Unread postby cube » Thu 25 Sep 2008, 14:01:49

$this->bbcode_second_pass_quote('emersonbiggins', '')$this->bbcode_second_pass_quote('cube', '
')Make no mistake, the printing press is still running just as fast except that the money is now being handed out to different people. :roll:


And I don't even get granite countertops out of the deal? :P
There's a lot of homes in California that have expensive granite counter tops and cheap Pergo laminate floors.
That's the real estate equivalent of walking around in a pair of sweat pants and holding a Louis Vuitton purse.....real tacky.

What happened was that in 2006 when the market started to get weak, many home owners tried upgrading their homes to get it to sell.
Most owners were adamantly opposed to lowering their prices so many went the "upgrading" route and hence the ridiculously large number of homes right now with granite counter tops and Pergo flooring.

This is why I'm a doomer.
The number of examples of a misallocation of resources knows no limits.
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Re: Bill Heard, 13 New Car Dealerships Shut Doors Today [9/2

Unread postby VMarcHart » Thu 25 Sep 2008, 14:16:41

$this->bbcode_second_pass_quote('cube', 'T')his is why I have both feet firmly placed in the inflation camp.
Do you think it would get as bad as Argentina's 20% per month, 1000% a year?

$this->bbcode_second_pass_quote('cube', 'T')his is why I'm a doomer. The number of examples of a misallocation of resources knows no limits.
I'm a doomer as well, or at least so labeled by all my remaining friends, but misallocation of resources is THE factor that makes a doomer. It's rather the insatiable appetite for more, more and more.
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