Go Back   DealershipForum.com > Regional Forums > Southwest Region > General Discussions

Notices

Reply
 
Thread Tools Display Modes
Old 12-07-2015, 10:15 AM   #1
XDCX
Administrator
 
Join Date: Nov 2007
Posts: 14,869
Default Carson City Harley Dealership Closed - $4 Million Out of Trust

Okay, I know this isn't MotorcycleDealershipForum.com but I still thought it was interesting to read that the Harley-Davidson Dealership in Carson City, NV has been closed.

For the full news report - click here

Harley-Davidson Credit Corporation contends they are owed in excess of $4 Million because the owners of the dealership failed to payoff flooring loans on motorcycles that had been retailed.

While I'm no expert on motorcycles, wouldn't it take a fair amount of effort to be $4 Million SOT at a Harley store? I'm guessing the average invoice is probably about $20K so that means 200 bikes had to have been sold without an offsetting flooring payment. How many Harleys could they have been selling in a city the size of Carson City? How often does HDCC do flooring checks?

Additionally, I thought Harley-Davidson stores were red hot on the buy/sell market. Maybe there's more to the story.....
XDCX is offline   Reply With Quote
Reply


Posting Rules
You may not post new threads
You may not post replies
You may not post attachments
You may not edit your posts

BB code is On
Smilies are On
[IMG] code is On
HTML code is Off

Forum Jump

Similar Threads
Thread Thread Starter Forum Replies Last Post
Champion Dodge gets $1 Million in Working Capital from City of Downey XDCX Automotive Discussions 5 06-10-2010 08:56 AM
Powerball winner buys Harley Dealership XDCX General Discussions 3 01-19-2010 08:53 AM
Carson City agrees to bail out Cormier Chevrolet XDCX Automotive Discussions 2 04-23-2009 05:48 PM
City extends $1 Million in Bridge Loans to Car Dealerships XDCX Automotive Discussions 1 12-08-2008 09:45 AM
Dealership Closed - Neilsen Dodge City - Gary, IN XDCX Automotive Discussions 0 01-07-2008 08:13 PM


All times are GMT -7. The time now is 02:31 PM.


Powered by vBulletin® Version 3.8.5
Copyright ©2000 - 2024, Jelsoft Enterprises Ltd.
Copyright DealershipForum.com - 2008 - 2016