Today marks a sad day for Australia with the news that General Motors (GM) will be retiring the Holden brand this year.
“This news will come as a hammer blow to Australia’s 200 Holden Dealers, their employees and their customers. Our thoughts are with all of those affected by today’s announcement,” said AADA CEO James Voortman.
“Holden is an iconic Australian brand with one of the biggest Dealer networks in the country and the social and economic effect of this development should not be underestimated,” he said.
“This was a decision made in Detroit and highlights the vulnerable position in which franchised new car Dealers can find themselves. It underscores the importance of the decisions the Government will be making on the future of Automotive franchising in Australia,” he said.
“It is crucial that these Dealers are adequately compensated for the significant investments they have made in capital, time and effort over many many years,” said Mr Voortman.
“GM has announced that Holden will honour all warranties, servicing offers made at time of sale and recall and safety-related issues. Dealers will naturally step up and help service the large base of Holden customers,” he said.