Holdiman Motors was one of hundreds of dealerships to lose their Chrysler-Jeep-Dodge franchises in the Chrysler bankruptcy in 2008. The owner Tom Holdiman had been working as a used-car dealership since 2008. In a statement issued by attorneys, Tom Holdiman states the sales portion of the dealership closed, with the service department scheduled to follow shortly.
“The loss of its Chrysler-Jeep new car franchise, coupled with the extreme economic downturn and its negative impact on the American automobile industry, fundamentally changed Holdiman Motors’ business model,” Holdiman said in a statement issued by his attorneys. “These factors led to the decision to close the dealership, according to Mr. Holdiman.”
Tom Holdiman’s father started the dealership in Cedar Falls as an American Motors franchise in 1967. The dealership moved to its present location in 1972 and became a Chrysler dealership in 1977. Tom has been the owner since 1978.
Read More, click here.