One more was taken from us, but I have little remorse. Mazda of Naperville used to e-mail me great car deals for this website, and now it is no more. According to the notices posted on the doors of the dealer they are temporarily closed due to a factory audit. Temporarily? Not according to the owner (Excerpt from the Naperville Sun)
March 15, 2009
By DAVID SHAROS For The Sun
Those looking for service or sales Friday at the local Mazda dealership in Naperville were greeted with a handmade sign, a dark store and no staff.
Calling it “a gut wrenching experience,” owner Russ Darrow, 45, told The Sun Friday afternoon that because of cash flow problems and the inability to secure capital, the Naperville Mazda dealership on Aurora Avenue was closing its doors until further notice.
“We’re looking to prepare a statement we might release next week, but for now, I can tell you that we’ve worked closely with our floor plan lenders trying to secure capital loans,” Darrow said. ” … Securing credit in the current market is extremely difficult. “We took steps a few months back hoping to ‘stem the tide’ as it were, but it wasn’t enough.”
Cash flow problems began to surface last fall when the Mazda dealership as well as other car dealers throughout the country saw seasonally adjusted average sales figures tank after Sept. 15. “The financing and banking industry began to show the signs of pressure after that as well, and as the economy continued to collapse, there were all the elements of what people are calling ‘the perfect economic storm’ we have now,” Darrow said.
While no dealership seems to be setting sales records, some of Mazda’s neighbors, including the Jacobs BMW and Lexus of Naperville, still seem to be holding their own. Jacobs continues to build a new facility, and Lexus’ general sales manager Bill Kuniej credits the local dealership’s success with “new product in the pipeline and customer loyalty.”
Darrow tried to raise capital by selling off another dealership in Augusta, Ga., but the proceeds were only enough to pay off the local manufacturer and creditors there.
See, thing is I bought a car in full from Mazda of Naperville two months before the dealer closed it’s doors. And I have YET to see my title. That should show the kind of professionalism that made those guys loose so many clients to begin with. Either ways, rumor has it that Bill Jacobs will buy the thing, and his BMW dealer is fantastic. Let’s all hope for the best.