Falcone mourning Saab

December 18, 2009
Back to TopCommentsE-mailPrintBookmark and Share

Bob Falcone, who was the only Saab dealer in the Indianapolis area until he closed in April, says he could foresee today’s announcement that General Motors would kill the brand.

Falcone swung a deal with Fifth Third Bank to unload his $5 million in Saab inventory and close the dealership in exchange for the bank’s financing his takeover of the former Duke Gold Volkswagen Subaru on the outskirts of downtown.

But Falcone is still mourning the passage of a brand he sold for 20 years and continues to service at Falcone Volkswagen Subaru & Saab Service.

“I’m crushed and heartbroken beyond a shadow of a doubt. But I’m going to survive this,” he says. “I’m just very glad to be a survivor.”

General Motors announced it would stop trying to find a buyer for Saab after it decided earlier this year to unload the brand as part of its turnaround strategy. Dutch sports car maker Spyker Cars has rebuffed GM after a Swedish sports car manufacturer, Koenigsegg, turned down an offer to buy Saab in November.

Falcone thinks Saab would still be a going concern if GM hadn’t insisted on such hooks as forcing buyers to continue using GM platforms.

Nevertheless, it’s over. Falcone sold 600 cars a year, making him the 7th-largest Saab dealer in the nation. He also often was recognized by the company for heavily outselling rivals Volvo and Audi in the Indianapolis market.

Saab buyers were a tough crowd, Falcone recalls. They ranked among the highest—if not the highest—users of the Internet. So, they made decisions slowly and deliberately. Not the kind of people who respond well to high pressure.

But Falcone is heartened that a number of former customers are moving with him to Volkswagen and Subaru even though few, if any, of the models of either brand are considered entry-level luxury buys. The Saab customers are splitting their choices roughly evenly between Volkswagen CC sedans and Subaru Legacy and Outbacks.

“I will be 100 percent fine,” he says.

What are your thoughts about the end of Saab? Of Falcone’s migration to Volkswagen and Subaru?

 

ADVERTISEMENT
  • Saab Story...
    ...it's too bad that GM screwed Saab too...while I never owned one (Volvo driving liberal of course) always thought they were unique and solid cars, plus more affordable and practical than the high-end German cars. I understand Hummer and Pontiac getting axed but Saturn and Saab were worth saving for a number of reasons...and the GM execs that did these deals are all long gone with their golden parachutes!!!
  • sob story
    Sob story....whoops!... I mean SAAB story.
  • Screw GM
    GM sucks. They screwed over Saturn [personal favorite] and Saab. Makes me want to consider changing vehicle brands. GM's screwing over Saturn was a big middle finger to some of the most loyal customers the american automotive world has seen. I'm giving that middle finger right back to the fact cats at RenCen. Ford is looking better and better every day.
  • Even though
    Even though I never owned a Saturn or SAAB, I still held them with the up most respect. I have been a chevy man, but if worst came to worst and I had to choose a different vehicle (when they exists), I would have gone with Saturn or SAAB for reliability.

    Just like some of the other comments, I can see Hummers going down. They were monstrous machines which had a bad rep. But Saturn and SAAB? Not just that, but back in 2003, Chevy Axed the S10 and replaced it with the (what is called) new truck. Are they trying to kill themselves?

Post a comment to this blog

COMMENTS POLICY
We reserve the right to remove any post that we feel is obscene, profane, vulgar, racist, sexually explicit, abusive, or hateful.
 
You are legally responsible for what you post and your anonymity is not guaranteed.
 
Posts that insult, defame, threaten, harass or abuse other readers or people mentioned in IBJ editorial content are also subject to removal. Please respect the privacy of individuals and refrain from posting personal information.
 
No solicitations, spamming or advertisements are allowed. Readers may post links to other informational websites that are relevant to the topic at hand, but please do not link to objectionable material.
 
We may remove messages that are unrelated to the topic, encourage illegal activity, use all capital letters or are unreadable.
 

Messages that are flagged by readers as objectionable will be reviewed and may or may not be removed. Please do not flag a post simply because you disagree with it.

Sponsored by
ADVERTISEMENT
  1. I keep wondering why I keep hearing about this problem of corporations leaving America, and I never hear a reasonable proposal to lower corporate tax rates and raise personal rates on income from capital gains and dividends, especially for high earners. It is just too simple of a solution for Congress to embrace?

  2. Are you financially down and you need money to settle your dept,or you need money to start up a business or to invest on a huge business,we also offer Loans to individuals, Firms and cooperate bodies at low interest rate , loan terms determinant,Loan amount between the sum of $5,000.00 to $100,000,000.00. US Dollars And Euro. Loan for developing businesses a competitive edge/ business expansion. We Offer The Following Kinds Of Loans. Personal Loans (Secure and Unsecured) Business Loans (Secure and Unsecured) Consolidation Loan FIRST INFORMATIONS NEEDED ARE: BORROWER’S DATA’S INFORMATION,FILL AND RETURN FOR QUICK START UP PROCESS. Name:_________ Last Name:_________ Age:_________ Contact Address:_________ Country:_________ Amount Needed as Loan:_________ Loan Duration:_________ Phone Number__________ Monthly Income/Yearly Income:_________ Purpose for Loan:_________ Occupation:_________ How Soon is Loan Needed__________ Email via: albertbrownfirm@outlook.com

  3. is a disaster. SR37 already needs to be built to interstate standards between 465 and SR144. Southport Road is a mess each morning and evening.

  4. Bass Pro Shops would be good for the mall as well as a Giant Eagle Market District or a Jungle Jim's International Market Place grocery store like the one near Cincinnati Ohio.A Disney quest indoor theme park would be good.An Academy outdoor store would be good too.Indoor Circus shows and magic shows would be good as well. A casino with sports bar would be good.A Disney theater inside that shows movies and Broadway shows would work.Nashville Tennessee concert shops with indoor neon lights would be good.How about a theater that shows travel shows and theme parks. A train store would be good.How about a giant toy store with high tech video games.

  5. This development is in addition to Allpoints Midwest 5, Aitrtek, a recent FedEx and more in Plainfield. Greenwood and Brownsburg also have similar projects.

ADVERTISEMENT