* Bill Heard Chevy CLOSED * - Camaro5 Chevy Camaro Forum / Camaro ZL1, SS and V6 Forums

CamaroScotty · 09-24-2008, 08:52 PM

Bill Heard Enterprises closes its doors

Scottsdale, AZ., Sept. 24, 2008 - According to Automotive News' Chrissie Thompson, Bill Heard Enterprises, the country's top Chevrolet dealer group, is closing the doors at all of its 13 dealerships at the end of business today, according to a person with knowledge of the situation.

The company notified the stores' general managers at 2 p.m. today, the source said, who spoke anonymously because he was not authorized to speak.

High fuel prices, cancelled floorplanning from GMAC Financial Services, a reliance on trucks and SUVs, a soft national economy and struggles in local markets had troubled the company, which on Sept. 12 closed its store in Scottsdale, Ariz.

In the end, the company could not raise operating capital and could not finance its floorplan, the source said. Company officials have discussed closing the company since Friday, the source said.

Bill Heard Enterprises, of Columbus, Ga., ranks No. 13 on the Automotive News list of the top 125 U.S. dealership groups, with 2007 group revenue of $2.13 billion.

More here: http://www.ajc.com/services/content/...xsvc=7&cxcat=6

GM plans to open these back up, though -

headpunter · 09-24-2008, 09:09 PM

duuuh duuuh duuuuh another one (or thirteen) bite the dust

Txturbo · 09-24-2008, 10:06 PM

Local news said 27 dealerships nationwide....two of them in Houston. One of our members works at one of them. I just talked to him yesterday and showed him my pictures from Indy. Hopefully he will get on somewhere else.

2010_5thgen · 09-24-2008, 10:17 PM

wow. i thought acottsdale was a high end of arizona? who woulda thought a dealership would close there?

Ry4nVan · 09-24-2008, 10:22 PM

Scottsdale is the high end of Arizona. But looks at who's having all of economic trouble lately. ... High end companies.

pinkcamaro10 · 09-24-2008, 10:49 PM

ugh!!!! This upsets me so much, they were my 2nd choice dealer and the ONLY dealer in Alabama listes on the MSRP or below page....

davidcroft · 09-25-2008, 07:12 AM

The Sugar Land Location in Houston is not closed, we are just not operating under Bill Heard Enterprises. we are in the process of a buy sell. As far as I know the management and owners are changing, however I will be there.

Txturbo · 09-25-2008, 07:20 AM

Quote:

Originally Posted by davidcroft

The Sugar Land Location in Houston is not closed, we are just not operating under Bill Heard Enterprises. we are in the process of a buy sell. As far as I know the management and owners are changing, however I will be there.

Good to hear David.....I just read that this morning somewhere....who is buying it?

CamaroScotty · 09-25-2008, 07:28 AM

As stated in the post, GM plans to get these locations reopened asap, with new owners it appears. I feel for the people working there - hope everything goes for the best!

Robert91RS · 09-25-2008, 07:43 AM

Quote:

Originally Posted by CamaroScotty

I feel for the people working there - hope everything goes for the best!

+1, yall hang in there.

KarlChev · 09-25-2008, 10:05 AM

Quote:

Originally Posted by davidcroft

The Sugar Land Location in Houston is not closed, we are just not operating under Bill Heard Enterprises. we are in the process of a buy sell. As far as I know the management and owners are changing, however I will be there.

That's good to hear! Looks like you guys had a good Aug with 233 new cars sold.

Txturbo · 09-25-2008, 10:09 AM

Quote:

Originally Posted by davidcroft

The Sugar Land Location in Houston is not closed, we are just not operating under Bill Heard Enterprises. we are in the process of a buy sell. As far as I know the management and owners are changing, however I will be there.

Wow....I wonder how that is going to effect your dealerships Camaro allotment. Will it still be based on the sales of the previous owner or not? Will your dealership even get any camaros?

CamaroScotty · 09-25-2008, 10:25 AM

Allocation will be annouced on the 13th too :-)

karr1008 · 09-25-2008, 10:44 AM

Ha! Thank goodness.

If you dig deeper, Bill Heard dealers weren't exactly on top in business practice. Tons of Better Business Bearu complaints, government investigations and lawsuits in 2004 for several scams, shady dealing, GMAC financing revoked to them and the list goes on and on. I hope the new management learns from it and doesn't make the same mistakes they did.

On the brighter side, I am going to order for Camaro Scotty anyways and drive the beast back home.

Road trip

09-24-2008, 08:52 PM	#1
CamaroScotty Account Suspended Drives: Your new SLP Camaro! Join Date: Jul 2008 Location: Cedarburg, WI Posts: 6,801	* Bill Heard Chevy CLOSED * Bill Heard Enterprises closes its doors Scottsdale, AZ., Sept. 24, 2008 - According to Automotive News' Chrissie Thompson, Bill Heard Enterprises, the country's top Chevrolet dealer group, is closing the doors at all of its 13 dealerships at the end of business today, according to a person with knowledge of the situation. The company notified the stores' general managers at 2 p.m. today, the source said, who spoke anonymously because he was not authorized to speak. High fuel prices, cancelled floorplanning from GMAC Financial Services, a reliance on trucks and SUVs, a soft national economy and struggles in local markets had troubled the company, which on Sept. 12 closed its store in Scottsdale, Ariz. In the end, the company could not raise operating capital and could not finance its floorplan, the source said. Company officials have discussed closing the company since Friday, the source said. Bill Heard Enterprises, of Columbus, Ga., ranks No. 13 on the Automotive News list of the top 125 U.S. dealership groups, with 2007 group revenue of $2.13 billion. More here: http://www.ajc.com/services/content/...xsvc=7&cxcat=6 GM plans to open these back up, though -

09-24-2008, 09:09 PM	#2
headpunter Not That sad..considering Drives: Man Join Date: Aug 2007 Location: the part of washington the capital forgot about. Posts: 3,747 View My Garage	duuuh duuuh duuuuh another one (or thirteen) bite the dust __________________ Stop Whinging

09-24-2008, 10:06 PM	#3
Txturbo Keeper of the Faith Drives: 2001 Z28 Agressively Join Date: Apr 2008 Location: Rosenberg,Texas Posts: 1,383 View My Garage	Local news said 27 dealerships nationwide....two of them in Houston. One of our members works at one of them. I just talked to him yesterday and showed him my pictures from Indy. Hopefully he will get on somewhere else. __________________ 2010 Camaro SS R6P 2001 Camaro Z28 1969 Camaro SS clone

09-24-2008, 10:17 PM	#4
2010_5thgen Drives: 2012 Porsche Panamera 4 Join Date: Nov 2007 Location: Ohio Posts: 3,275 View My Garage	wow. i thought acottsdale was a high end of arizona? who woulda thought a dealership would close there? __________________ Brixton Forged CM10 Wheels IN STOCK!!! RF7 SOON!!!! Camaro/M3/M4 wheels in stock High Gloss Titanium

09-24-2008, 10:49 PM	#6
pinkcamaro10 2G1FC1EV1A9110079 Drives: 2010 2LT/RS, 2013 2SS/RS 1LE Join Date: Jun 2008 Location: Arizona Posts: 4,756 View My Garage	ugh!!!! This upsets me so much, they were my 2nd choice dealer and the ONLY dealer in Alabama listes on the MSRP or below page.... __________________

09-24-2008, 10:22 PM	#5
Ry4nVan Drives: Currently (Toyota Tacoma) Join Date: Sep 2008 Location: Phoenix, AZ Posts: 288	Scottsdale is the high end of Arizona. But looks at who's having all of economic trouble lately. ... High end companies.

09-25-2008, 07:12 AM	#7
davidcroft Sellin Chevy's since '06 Drives: 18ZL1 02Z-28 Join Date: Apr 2008 Location: DIRTY SOUFTH Posts: 1,461 View My Garage	The Sugar Land Location in Houston is not closed, we are just not operating under Bill Heard Enterprises. we are in the process of a buy sell. As far as I know the management and owners are changing, however I will be there. __________________ '19 Z06-7Speed and lowered on stock bolts '02 Z28-Kooks true dual headers/TSP heads&cam/full suspension & Kmember sub40K orig miles. https://youtu.be/h6faSdcvNew TRADED!'17 ATS-V Coupe w/ Carbon Black pkg https://youtu.be/GH_t-R-TJV0 SOLD! '18 ZL1 Mosiac Blk SOLD!'16 SS Sedan-Forgestars/ARH/rotofab TRADED!2014 SS Sedan SOLD! 2013 Blue Ray1SS/1LE 1of20. TRADED! 2012 White 1SS/RS

09-25-2008, 07:28 AM	#9
CamaroScotty Account Suspended Drives: Your new SLP Camaro! Join Date: Jul 2008 Location: Cedarburg, WI Posts: 6,801	As stated in the post, GM plans to get these locations reopened asap, with new owners it appears. I feel for the people working there - hope everything goes for the best!

09-25-2008, 10:25 AM	#13
CamaroScotty Account Suspended Drives: Your new SLP Camaro! Join Date: Jul 2008 Location: Cedarburg, WI Posts: 6,801	Allocation will be annouced on the 13th too :-)

09-25-2008, 10:44 AM	#14
karr1008 Supercharging Drives: 20XX Camaro SS Join Date: Feb 2007 Location: N. Alabama Posts: 178 View My Garage	Ha! Thank goodness. If you dig deeper, Bill Heard dealers weren't exactly on top in business practice. Tons of Better Business Bearu complaints, government investigations and lawsuits in 2004 for several scams, shady dealing, GMAC financing revoked to them and the list goes on and on. I hope the new management learns from it and doesn't make the same mistakes they did. On the brighter side, I am going to order for Camaro Scotty anyways and drive the beast back home. Road trip

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