Considering the shrinking sales figures I have little doubt this is NOT the only place that is selling out-of-trust and robbing Peter but not paying Paul. This sort of thing was common in the auto industry every time there was a big downturn in sales, as the highly leveraged hot shots tried to play games with inventory, failed to report sales to the automaker or other entity holding the floor plan loan, and in general didn't pay their bills. Any outside observer could easily see what they were doing and could also tell it wasn't going to work, but the desperate dealers still kept digging the hole deeper instead of coming clean up front and seeking help. The automaker I'm most familiar with now tracks dealership financials much more closely to try to head off as many of these situations as possible, but there are still a few even when sales aren't bad. Some people really shouldn't be running these kinds of businesses.
JMHO - Jerry