50 New Alfa's Go To Auction After Bank Repossesses Inventory From Dallas Area Dealerships

50 New Alfa's Go To Auction After Bank Repossesses Inventory From Dallas Area Dealerships

Man, the pile of troubles a struggling Alfa Romeo dealership in Dallas has found itself under seems endless. Customer complaints, unpaid rent and now, 50 repossessed vehicles, are reportedly just the tip of the iceberg of problems facing Kamkad Automotive.

Kamkad Automotive owns three dealerships in Texas—Alfa Romeo Fiat of McKinney, Alfa Romeo of Dallas and Kamkad Hyundai of Huntsville. The whole company is in debt to the tune of $35 million dollars, CEO Ken Strickler told CBS 11:

 


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PUGPROUDPUGPROUD - 7/18/2019 10:39:34 AM
+1 Boost
Not a good sign for Alfa but Texas is truck country.


Car4life1Car4life1 - 7/18/2019 1:05:36 PM
+3 Boost
This company wasn’t the smartest either choosing to operate 2 Alfa Romeo dealerships and one Hyundai, it’s like they were begging for debt and prayed Hyundai would be enough to keep them afloat


MDarringerMDarringer - 7/18/2019 1:20:04 PM
-2 Boost
We've seen small car groups that the owner acquired dealerships based on the brands he loved, only to fail. We've also seen people fall for the "Alfa Romeo is going to boom" nonsense and get burned.


MDarringerMDarringer - 7/18/2019 10:43:12 AM
-1 Boost
FCA is having a problem with Alfa-Romeo and Maserati dealers closing. When the Giulia completely failed to have any appreciable volume, people blamed it on the decline of sedans, but when the Stelvio did no better for volume, it was clear that no one wanted Alfa Romeo. Maserati has NOTHING that sells well. People know that Alfa-Romeo is terrible quality and poor reliability. People also know that Maserati's entire lineup is made of reskinned Dodge Chargers. It's time for Fiat, Alfa-Romeo, and Maserati to leave the American market. FCA needs to find a buyer fast because Jeep is starting to show signs of collapse. The Renegade and Compass sales are unimpressive and the Cherokee is teetering.


valhallakeyvalhallakey - 7/19/2019 1:08:28 AM
+3 Boost
I would hope they continue in the US market and work on fixing both real and perceived issues. It would be sad to see the US loose another choice in the auto market. I remember living in Germany in the mid to late 80s and being amazed at all the options the Europeans had compared to what we had. A good friend had an 86 1.9L Peugeot 205 GTI that was a total revelation on the great winding backroads of Germany to a young man from the US that grew up on Z/28s, Mach 1s and such. I would hate to see us go backwards with fewer options in the market. I would rather emphasize the good things a brand brings to the table while acknowledging the shortcomings. Not sure if you have driven a Guilia, but if you have you would have to admit it is the drivers car of the small performance sedans. My 2 cents on the subject.


FoncoolFoncool - 7/18/2019 12:14:52 PM
+2 Boost
This is actually a good thing, it presents the opportunity to purge the dealers that never should have been awarded the Alfa or Maserati franchises. Those dealers should go back to selling mass market Dodges, Hyundais, and Kias, they don’t know how to sell upmarket.

To paraphrase Spock: It is far easier for a civilized upscale dealer to behave like barbarian mass market dealers, than it is for barbarian mass market dealers to behave like civilized upscale dealers.

https://www.autoedizione.nl/duitse-auto-gaat-vaker-stuk-dan-de-italiaanse/




MDarringerMDarringer - 7/18/2019 1:25:17 PM
-2 Boost
I predict Fiat and Alfa Romeo will exit the US market soon.


Agent009Agent009 - 7/18/2019 3:18:41 PM
0 Boost
I thought that was odd as well



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