Kinda sucks that Fred dumped it after 25+yrs. Any info on the topic??
I believe it is incredibly expensive to maintain the franchise, and the cost to floorplan cars to have on your lot is incredible. It requires some serious capital to stock parts and keeping trained staff handy. I can't see how it would work for the numbers these cars move. That being said, I still want someone local to do it!!!:sad:Why NOT own a Lotus franchise if you are already selling other brands. It doesn't hurt to add another to the lot...
Not so for the US. Unlike the UK/Europe, in the US, dealers have much more rights/protection from such actions.I suspect we will see a lot more of this. I was in the UK visiting family and dropped in to the local Lotus dealer. They had just opened a $16M new Ferrari/Maserati dealership and had been a Lotus dealer for over 25 years. They told me that they were only officially a Lotus dealership until the end of June. When I asked why, they said that when they were negotiating their new franchise contract with Lotus, Lotus wanted them to write a check for $8M to continue with the franchise- they told Lotus to go take a hike. This may be happening in the US also?