GM Dealer Closing List | Full List

Today we will see GM Dealer Closing List. Its just a day after Chrysler List. Now it's GM turn to notify 1,100 dealers that the company will not be renewing contracts with them.

Mark LaNeve, North American sales vice president, in a conference call, said the 1,100 dealers are the poorest performers among the almost 6,000 dealer footprint. The dealerships notified are 18 percent of the total network, but account for 7 percent of sales.

He said between 400 and 500 of the dealers notified sold fewer than 35 units per year, while the rest of the dealers did not meet the company’s performance standards, which are a calculation of several factors including sales, profitability and working capital compared to their peers.

The company plans to settle at between 3,600 and 4,000 dealerships. Another 500 dealerships will be cut when Hummer, Saab and Saturn brands are disposed of, while 35 stand-alone Pontiac dealerships will be eliminated as that brand is phased out by the end of 2010. Another 300 to 400 will be cut at a later date.

The dealer notifications are part of GM’s plan to cut its dealer network by 2,600 locations — 40 percent — by the end of 2010.
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