I just got a phone call telling me to Google "Champion Porsche chapter 11" .So I did . On Friday they filed for Chapter 11 . Crazy ! I wonder what's going to happen .

 

Wow, they were one of the larger dealerships right?

 

Just the economy, that's what's going on. I would assume they owe their creditors a good bit of money, as they are the largest dealership with tons of cars....so that nut might be tough to cover with the slowdown. I don't think they'll vanish, but perhaps this will give them some breathing room to get things in order and scale back.

Motorsports Division is unaffected according to the filing.

I really hope they don't go away. Great operation, tons of great cars, great people. Hope they can work it out.

 

Very sorry to hear this