Being out in this market and knowing a little about the situation, I can assure you there is another side to Mike's shot at the Motor Company. He's most likely been in a dire situation for a very, very long time and has been given more opportunities than one could believe to make thing's right..........finally enough is enough.
As far as more dealer's going down. To those that think any well run dealership that treat's it's curstomers fairly will survive these days, is a stretch. Those that have been around forever and own their property are in a pretty good position. Dealer's struggling with mortgage payments, or high monthly rents rents can only reduce their costs by so much and are struggling severely. In California 28% of all people own homes that their mortgage exceeds the value of their home. There are few, if any people walking into harley dealerships out here and buying motorcycles, and I guarantee you a dealership cannot be profitable and stay in business without selling a certain volume of new motorcycles at, or near msrp. Parts, Accessories, Motorclothes and Service business comes nowhere close to covering costs.