The automotive industry has faced its fair share of tough times over the past few years, largely due to the pandemic and its resulting supply chain and production disasters. Things have largely recovered since then, but new car shoppers are still facing high interest rates and historically high pricing, which makes things hard on dealers, too. In fact, we’ve seen more than one Ford dealer close its doors in recent times due to these very issues, and now, another one is blaming corporate policies for its closure.
That Ford dealer is Summit Ford in Silverthorne, Colorado, according to the Summit Daily, which is part of the Teton Auto Group. The Ford dealer cited FoMoCo’s decision to restructure its existing network and consolidate operations in certain markets as the reasoning behind this decision, adding that this closing is a “strategic move” as The Blue Oval works to “focus its retail presence with long-term market performance goals.” Additionally, the dealer cited higher sales taxes required in its area as a problem when it comes to competing with others nearby.
“Summit Ford has faced a number of market-based challenges over the years,” said Crystal Zmak, Chief Operating Officer of Teton Auto Group. “We’ve worked hard to support this location and team, and this decision was hard to accept. Our focus now is ensuring a smooth and respectful transition for our employees and customers.” “This store has been part of our group and our story, and we’re proud of the people who worked here,” said Mario Hernandez, CEO of Teton Auto Group. “Even though the time has come to close this chapter, we’re committed to doing right by our team and to honoring the relationships built in this community.”
In addition to certain Ford dealers that closed simply due to a lack of inventory during the ensuing chaos of the pandemic, we’ve also seen some others wind up getting sold back to Ford itself. Additionally, The Blue Oval wants to shutter roughly 200 Lincoln stores via buyouts in an effort to shrink the luxury brand’s network, too.
Low-interest financing on the heavy-duty pickup truck.
They could claim the credit before taking delivery.
Which could even mimic a home's lighting.
Tariffs have resulted in investments in U.S.-based production.
Its application from 2022 is still under review.
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Unfortunately, and not surprisingly, the market conditions as mentioned have been devastating for many businesses, especially small businesses. It’s a contraction for sure.
Not a lot of profit in handling recall work charged back to Ford.
Ford pays dealers very, very well for recall work. In addition to the labor compensation, Ford gives dealers a 40% profit on Ford’s own parts.
I'm not sure you understand how it works. Ford does not pay well for recall work. When a recall is announced, Ford cuts the price of the part so a part that was $100 dollars goes down to $20 dollars and the labor times are often lower than the actual time it takes to perform the job. Furthermore, the labor rate varies based on your warranty labor rate. In my previous example, if the part stayed at $100 cost, we'd make $40 on the part sale, but due to Ford cutting the part price, we make $8. Also doesn't seem fair that my warranty rate is $111.57 and the dealer down the road get $180. It is a racket, and Ford needs to pay every dealer a recall labor rate that matches the highest rate given to any dealer within the dealer region. Once recall is done, Ford gets its money back raising part price to $250, screwing retail customers.
Your out of your F minds !!!!!!! If you must consolidate then allow the Ford dealers to sell all versions on the Lincoln instead of creating new dealerships for the "Black Label" models !!!!! That has always been a really stupid idea !!!!! If you think I am going to F drive 20-30 miles to find a "Black Label" dealer instead of going to the local Ford dealer; YOUR F NUTS !!!!!!!!!!
Bring back the boxy, formal, Lincoln Continental Sedan and Mark series
So true. Price means a lot but for me it comes down to nearby service, if and when I need it. In todays world it's hard enough to get any service from dealers in a timely manor, let alone worrying about an hour traveling to get there or to get them to come to you with a no start issue in your driveway. Cadillac closed several dealers in our area over the years and yo don't see them on the road so much. BMW is local and that's what the $$ guys are driving.
You can offer all these incentives but let's face it as a truck owner i know I'm stuck n with the truck I have til I pass cause Your prices Are Ridiculous. NO TRUCK IS WORTH OVER 35,000$