My question involves a consumer law issue in the State of: Any
I am disgusted. Dealers across the nation are losing franchises that they paid a lot of money for-- not to mention the signs, buildings, training, etc. Due to the Big Boys taking the government funds, they must consolodate dealers so they take from the guy who bought it (and may still be paying) and give it to another dealer. Dealers don't get subsidized by the suppliers of their merchandise. Is this really legal? It seems completely unetical. The first guy is still paying for the franchise the 2nd guy's business will have.
People on the news this morning who lost their dealerships yesterday when Chrysler made its announcements were crying and stating that they have their entire life savings wrapped up in their company and now it's more or less worthless due to no fault of their own. I don't want to deal with a big dealer-- this is just wrong. These people should be reimbursed or something. One Pontiac dealer said they still owe on the $500,000 note they took out to buy the franchise and when Pontiac ceases to exist, they will still have to pay that note.
Is this legal? Is there any action these people can take? I know many dealers and would love to know there is something they can do.
Thanks in advance.