Holden terminates 30 dealers as sales slide bites
HOLDEN has taken the axe to its dealership network in the face of declining sales and the imminent closure of its local manufacturing operation.
June 16, 20178:14am
HOLDEN has culled 30 dealers from its 230-strong network as the car maker deals with declining sales ahead of its factory closure in October.
The company has confirmed the dealers have been told their franchise agreements will not be renewed when they expire on December 31.
It is believed that more than half the affected dealers are from metropolitan areas, although Holden will not say which outlets are affected as it is bound by confidentiality agreements.
Melbourne has the highest concentration of dealers and is likely to be hardest hit, but it is believed high profile Sydney dealer group Suttons may lose its dealerships in Waitara and Homebush. Suttons was contacted for comment.
Elsewhere O & H Holden in Kyogle, NSW, and McLeod’s Whyalla in South Australia have also reportedly lost their franchises.
Whyalla Holden dealer principal Malcolm McLeod declined to comment.
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