Stagflation of the late 1970's, followed by the quite severe recession of 1981, dealt a death blow to DMC as well. Oil Crisis #2 that preceded them rubbed more salt in the wounds. People seem to have forgotten how trying the turn of the 80's were (although I did enjoy having a bank CD that earned 18% interest). Had JZD made a go of it in an economic environment similar to 10 years earlier or 10 years later, things might have turned out very differently. Economics may be dull, but they are a limiting factor. Bill Robertson #5939 >--- In dmcnews@xxxxxxxxxxxxxxx, <rob@...> wrote: > > Claude, > > > > Why is it a "Big question"? Does anyone really care besides your self? I > don't recall avoiding this question before or saying I was "great?with > Delorean's" either but in any case there was no conspiracy on GM's part. You > are probably right that they weren't thrilled about us selling Delorean's > however. Actually your question does pertain to my family history as well as > business but I have no problem sharing the information. In 1979 when the > second fuel crisis hit the states we had the misfortune to be sitting on a > couple hundred four wheel drive trucks in our inventory. These vehicles went > from "hot" to definitely not almost overnight and our "floor plan" (finance > rate) was in the mid teens at the time. That worked out to a few hundred > dollars per vehicle each month. A recession followed and we lost money for > several years as a result. In 1982 another dealer who was making money > selling fuel efficient Japanese cars made us an offer for the franchise and > we felt it was in both our and our employee's best interest to accept it. So > there you have it, no conspiracy, just dull economics. Maybe now we can put > the topic to bed? > > > > Rob Grady, > > > > P.J.Grady Inc. To address comments privately to the moderating team, please address: moderators@xxxxxxxxxxx For more info on the list, tech articles, cars for sale see www.dmcnews.com To search the archives or view files, log in at http://groups.yahoo.com/group/dmcnews Yahoo! Groups Links <*> To visit your group on the web, go to: http://groups.yahoo.com/group/dmcnews/ <*> Your email settings: Individual Email | Traditional <*> To change settings online go to: http://groups.yahoo.com/group/dmcnews/join (Yahoo! ID required) <*> To change settings via email: mailto:dmcnews-digest@xxxxxxxxxxxxxxx mailto:dmcnews-fullfeatured@xxxxxxxxxxxxxxx <*> To unsubscribe from this group, send an email to: dmcnews-unsubscribe@xxxxxxxxxxxxxxx <*> Your use of Yahoo! Groups is subject to: http://docs.yahoo.com/info/terms/