Dean Myers Closed: Placed in Receivership

[EJChevy]

Shocking news as this doesn't happen very often. Click the link for the full story:

Customers left in the dark after Toronto car dealership suddenly shuts its doors


Customers, who had already made purchases and were waiting to take home their vehicles, were in shock Wednesday after learning that the popular General Motors dealership in North York had shuttered its doors.

Apparently they were having customers pay for new vehicles, up-front, in full and then closed the doors before they were delivered. Shame.

I feel for anyone who has been caught up in all this.

 

[Nik]

I literally was just made aware of this. Big shame and pretty terrible accusations coming down on Dean Myers. Their site is redirecting to gm also.

 

[AndrewJ]

wtf

 

[Gilles27]

Need to post this on C8 forum I'm sure some guys are going to be out money and a car

 

[AndrewJ]

done

Need to post this on C8 forum I'm sure some guys are going to be out money and a car

done

 

[Nik]

Looks like there's a fresh C8 heading there as we speak.

 

[moepig777]

holy hawk, i would not be able to sleep if my deposit was there.. i feel so bad for anyone who may be caught up in that case scenario ...

 

[Nik]

According to reports GM Canada may be stepping up and helping those that have put deposits get cars elsewhere. I don't know nor do I expect we will ever know the full extent of the damage. With a 9 M secured loan from RBC which they effectively forfeited there maybe little if anything left over for other creditors and customers.

 

[tyho]

Customer paid $76,000 night before they closed. Another guy has a $20,000 deposit for a C8. Crappy way to do business.

 

[Rruuff Day]

If as they say, It's in receivership lock down, there will be a lock on the door and even customers who have their cars in there for service won't be able to get them until the receivership company moves in and sorts it all out... Very nasty....