GM Reinstating Over 660 Dealers To Help Jumpstart Sales
Posted by admin in Auto Industry News, tags: auto transport, auto transportation, automobile, automobile transport, automobile transportation, GM dealerships, GM reinstating dealerships, transport
General Motors is currently sending out letters to 661 dealers who have bitten the dust, asking them to reinstate their stores so they can start selling again. There is a catch, however – dealers have to comply with standards for facilities, capitalization and inventory financing, but these are things that they should have been doing in the first place, right? The Detroit-based company is looking to have a balance of 1,160 dealers who have appealed so far and is continuing toward arbitration.
Dealers currently have ten days to sign the letters and return them, though a full two months to fulfill the requirements that the letters said they have to meet. This is a part of GM’s overarching plan to restructure the company and their dealerships, especially those with some sort of dealer auto transport service, which has been hit hard by GM’s bankruptcy and the closing of so many dealerships. This could also help GM boost their sales numbers, as more people would have more places to go to buy GM products, but even with the dealerships that are being restored, numbers are still down – GM will have a smaller network than it had before declaring bankruptcy, though that still hasn’t stopped the company from doing what it can to get back on track.