Posted by JD Seller on September 01, 2014 at 07:57:53 from (208.126.198.123):
In Reply to: J D Seller-CIH Parts posted by old bc on September 01, 2014 at 06:07:58:
Well that maybe correct but I just was asking as the two fellows I talked to are from different ends of the state. They both where told this was going to happen by their NON Titian local dealer.
Your friend is only partly correct. CIH has a history of taking over failing dealerships and then selling them to someone else. I do not see CIH letting Titian close without a plan to reopen those stores right away. I mean hours not weeks after Titian closes. The reason being they have allowed Titian to control entire areas of many states. There are NO other CIH dealers in many of those areas. In some of the plains states they have almost all the dealerships in the entire state. So I would put money on CIH doing something to not let those dealerships set long closed.
Also think about how much Titian owes CIH. Even if Titian does have a Billion borrowed from Wells Fargo I bet they have far more borrowed or owed to CIH.
The Large dealership at Dike Iowa is an example of this. That old dealer was flying high and selling/leasing equipment all over three states. HE had HUNDREDS of used late model combines. When his dealership stated to fail he did fraudulent things to try to keep above water. CIH stepped in and took it over.
The reason we all need to watch this is that the mega dealerships effect us all. Even if you have a smaller dealership close by. If these large stores fail you will be effected. One was is your equipment's value can fall if a lot of equipment is "dumped" on the market all at once. Second is your local dealership can have the price of all their goods raised to try to cover the parent companies losses in other areas.
I think we will see some interesting thing happen in the next few years with these mega dealerships. One thing that could happen is that the industry could real easy vertically intergrade. Meaning the company/brand could own everything top to bottom. Then list price might be what you pay. Zero shopping around of all the stores say List is what it is. Think of Walmart. You do not "deal" on what you pay there.
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