Auto Dealers

Pioneering automobile dealer Lockhart dies

January 20, 2010
 IBJ Staff
Freda Lockhart was the first woman to open dealerships for Cadillac and Saturn automobiles.
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Legislation to protect car dealers re-emerges at StatehouseRestricted Content

January 16, 2010
Chris O'Malley
Dozens of Chrysler and General Motors dealers in Indiana were terminated last year. Now, a dealer trade group wants to block automakers from preying on termination fears to wrest concessions from surviving dealers.
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Kokomo plants benefit from 'clunkers' program

August 26, 2009
The federal government’s popular Cash for Clunkers program that ended Monday gave a boost to Kokomo’s Chrysler plants.
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Purdue prof: 'Clunkers' could stall retail sales

August 5, 2009
Kim Puckett
The federal 'Cash for Clunkers' program has opened a floodgate of car sales that President Obama says is a much-needed boost for the economy. But retailers may feel the negative effects of America's collective investment in new cars, predicts a Purdue Retail Institute researcher.
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Vacant dealerships join already rocky real estate marketRestricted Content

June 8, 2009
Tom Harton
The owners of car dealerships slated for closure by Chrysler and General Motors face a tough environment for unloading their real estate, but an expected onslaught of such properties has at least one company preparing to grab a slice of the business.
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Auto sellers want refuge from industry fallout, but trio of bills have fallen flat at StatehouseRestricted Content

March 30, 2009
Chris O'Malley
Car dealers fearful of losing their flagship brands if auto manufacturers crash and burn aren't getting much help from the Indiana General Assembly.
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City government should shop locallyRestricted Content

December 22, 2008
Good luck getting people to buy from local vendors or manufacturers.
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Indian truck maker Mahindra making inroads at local dealersRestricted Content

December 15, 2008
Chris O'Malley
Indianapolis Ford dealers John Pearson and Ray Skillman will be among the 300 domestic dealers of Mahindra trucks and SUVs when the company makes its U.S. passenger car debut as early as next summer.
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Worst auto market in 30 years might force consolidationRestricted Content

December 8, 2008
Chris O'Malley
New car dealers, usually among the most resilient of all small businesses in weathering economic downturns, are hanging on for dear life this time around, portending a shakeout among Indiana's 520 dealers.
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Automotive Finance Corp. writes off $162 million, reflecting slow auto salesRestricted Content

November 24, 2008
Chris O'Malley
Slowing auto sales have forced Carmel-based Automotive Finance Corp., which lends money to car dealers to buy used vehicles at auction, to take a big write-off on the declining value of its loan portfolio.
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Dreyer & Reinbold adds Maserati luxury lineRestricted Content

November 17, 2008
Chris O'Malley
In the midst of one of the worst financial markets in decades, Dennis Reinbold has launched Maserati of Indianapolis at his Dreyer & Reinbold BMW Infiniti-Mini complex on the north side.
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High fuel prices take toll on resale values for trucks, SUVsRestricted Content

July 7, 2008
Chris O'Malley
As motorists rush to buy antacid pills with each $4.25-a-gallon fill-up, the same car dealers who got pudgy five years ago selling SUVs with $6,000 profit margins are scrambling to profit from Aveos or anything else with decent mileage.
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Three failed businesses sink former Carson foe DickersonRestricted Content

June 16, 2008
Cory Schouten
Former car dealer and congressional candidate Eric Dickerson has filed for personal bankruptcy after three failed businesses left him saddled with more than $1 million in debt. Dickerson says he is virtually broke save for a $101,000 inheritance he is set to receive from the estate of his late mother.
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Business leaders battle over real estate left behind by Payton WellsRestricted Content

June 9, 2008
Cory Schouten
The Malibus and Impalas disappeared from Payton Wells Chevrolet more than 18 months ago, but the controversy over the defunct dealership at 1510 N. Meridian St. is far from being in the rearview mirror for some of the city's top businesspeople and developers. A court battle over the dealership's properties could determine when and how the roughly six acres of prime land are redeveloped.
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Car makers turn up pressure for bigger, but fewer, storesRestricted Content

May 5, 2008
Chris O'Malley
Domestic automakers were already scheming about new ways to chop dealers--cutting costs to service them--as their market share drained to Toyota and other foreign competitors. Now, an economy standing on the brakes could drive another round of dealer consolidations that might not be a good deal for family-owned peddlers of metal.
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Dealer Services Corp. has rival Adesa taking noticeRestricted Content

August 6, 2007
Chris O'Malley
Dealer Services Corp. is an example of what happens when an entrepreneur sells his company to a bigger one and then comes back to haunt it after he is tossed aside. In this case, the spurned entrepreneur, John Fuller, became a thorn to Adesa Inc. a few years after its CEO sent him packing in late 2001.
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Car dealers to offer license platesRestricted Content

February 19, 2007
Peter Schnitzler
Hoosiers wanting to avoid the hassle of waiting in line at the BMV will soon have an option, but will have to pay about $20 to use it. The Indiana Bureau of Motor Vehicles is launching a project to allow automobile dealers across the state to provide title and license-plate registrations.
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Local software maker teams with MicrosoftRestricted Content

February 19, 2007
Peter Schnitzler
Autobase Inc. has inked a partnership with tech heavyweight Microsoft Corp. that might fuel growth for the Indianapolis-based marketing-software maker. The deal will allow Autobase to piggyback its software on Microsoft's as the Seattle company launches products aimed at auto dealers.
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$1.7M invested in failed firm not authorized, sources sayRestricted Content

September 25, 2006
Chris O'Malley
Trade groups that host the Indianapolis Auto Show and represent 600 car dealers in the Legislature stand to lose $1.7 million they loaned to a local debt-collection agency--loans that sources said were made without the knowledge of the groups' boards or membership.
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Political upstart unloads auto dealershipRestricted Content

August 21, 2006
Chris O'Malley
Eric Dickerson, the Republican trying to unseat Julia Carson in the 7th congressional District, plans to sell his north-side Buick dealership to Ed Martin Automotive Group as early as next month. But the dealership could become a campaign liability even if it's sold.
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