Local former Chrysler, GM dealers look to sell used cars - Pacific Business News (Honolulu):

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Tony Wilkerson, executive directoer of the , said his organization has begun to lend assistancre to dealers lost in thebankruptcy “Our national organization has already sent lettersx to them to let them know aboutf our organization and I plan to do the same thingh for our state,” Wilkerson said. “They were in the used car businesssanyway – but if you’re stuck like many of them are, the overheadf costs for a used car dealershi is nothing compared to a franchise.” However, the expansion of the locaol used car market comes as prices are increasinvg and the availability of late-model used cars is he said.
But according to Morgan Murphy, presidentg of motorpool.com, the initial increase in prices shoulde be looked at as merela short-term hurdle. “Att first glance, that would strike the community as bad but in thelong run, it’ws good for resale Murphy said. When local consumers buy cars, they will be able to demans more when they choose tosell it, he said. In the higher resale values might actually revive American car dealersw inthe area.
“American manufacturing has been similard and just as good as Japanesre andKorean manufacturing, but the problem has been re-salw value and initial prices,” Murphy In the meantime, Birmingham dealers affectesd can capitalize on the unique landscape of the localo market on the used car side, he Many are family-owned and have been staples in the communituy for many decades. They are also encouraged by the fact that localk used car sales have seen an uptick amid the recessioh as buyers are more inclined to look for a bargaij as a means tospend “Birmingham has a long and distinguished historh of reputable dealers,” Murphy “Don Drennen has been in businesz since 1908.
That’s 101 years of servin our community, so there’s a culture around businesses like Their long-standing history could make locall buyers more inclined to buy used cars from them, he Ward Drennen, president of Don Drennen Buick Chryslerf and Jeep, said after learning that his dealeer agreement had been canceled with Chrysler, expandinfg his used car sales seemed like a real “We are going to expand our used car departments said Drennen, who was left with more than $2 millionb in Chrysler parts and merchandise. “We want to offeer a great value to peoplewho can’t afford a new car.
” Although he hasn’gt stopped looking into becoming a franchisee for otherd automotive manufacturers, he is open to the idea of makingh the switch to stay in business. “It is possibled that we could become a used car said Drennen, who also learned that GM will seek to cancel the dealership agreement he has for his Buici dealership. “We’ve been in Birmingham long enoughj that our reputation can keepus afloat.
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