According to Unhappy Franchisee, Saturn dealers were once part of the most satisfied retail network in the auto industry. Last Thursday, Saturn dealers learned that their brand was dead, they would soon be out of business, and they’d have to settle for compensation between $100,000 and $1 million per store to close by next October.
That’s not much compensation to Chicago dealer Gordon Stewart, who owns six stores and just spent $700,000 putting up new signage Saturn asked for. Stewart is sitting on $1.6 million in parts GM will not buy back.
It’s not much compensation to Michael Schramm who owns Saturn of Glenview and who’s got $3.7 million tied up in real estate and no new cars to park on it.
But Saturn dealers are left with a few options. Read more here:
Also read: SATURN: Sad End to a Great Dream
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